Are the bears wrong? Every small setback is shrugged off, every small signal of economic growth is cheered onwards. The Dow has just broken the 10,000 barrier and new statistics indicate further growth.
Economies are always very hard to read, yet the had trends remain very uncomfortable for economic growth. Bullish analysts have little foundation for their sentiments, and rely on the thrust of fiscal stimuli to kickstart the economic engine.
Why should this offshoot of Keynesianism prove right now?