In my opinion the markets are exactly like a slot-machine with a progressive jack pot. The number (DOW) keeps going up. but eventually someone is going to pull the lever and cash out...... everyone else will be left feeding the machine.
I can't see anything that put the markets to increase... jobs continue to be lossed, spending continues to increase, taxes continue to increase, and companies continue to release reports they will take healthcare hits in the tens of millions, hundreds of millions, and even billions of dollars...... this just spells more layoffs, downsizing of industry (or moving offshore), followed by a shrinking tax base. It seems like we're just circling the bowl, but they can't quite plunge us down (I apologize for that visual).
The only thing I could see making a "V" is money. Deflation as more people stop buying and prices drop...... followed by a hyperinflationary lift off as funny money hits the system and the interest rates rise because our creditor masters want better return on their money.
not to mention most state governments in the red, California is toast... It appears the very worst is still yet to come. I hope it turns around but our money is worthless paper backed only by debt and false promises.