A Bullish Trend

Mark Hulbert says the ECRI WLI indicates fears of a double dip recession, like I was voicing, are wrong (via Ritholtz):

 A double-dip recession? More like double-dip sloppy thinking.
No, I’m not saying that all of those advisers who believe another recession is imminent are automatically guilty of sloppy thinking. But many of them are: When the facts on which they base their argument end up changing, they simply look elsewhere to find other facts that support their conclusion.
They remind me of the famous line with which Adlai Stevenson, the Democratic party candidate for president in 1952 and 1956, used to mock his opponents: Here’s the conclusion on which I base my facts.

I hope he's right.  Only time will tell.