False rally

Stock analysts say that preliminary earnings estimates are now raising doubts on an economic recovery. In fact, the likelihood of an even modest recovery occurring this year is very small.

Yet, the debunkers giggle as the stock market goes up. This is a false rally, much like the one which took place in 1931. People said that the Great Depression was over, however things got much worse.

I predict that in the months ahead we will see a collapse because earnings are falling as more people lose their jobs. The global depression will get worse. And, the debunkers will claim that it was obvious.