The recent sharp rally is nothing but a manufactured one in an attempt to create a massive momentum move ahead of QE2 ending. Chopper Ben learned his lesson and didn't want a repeat of last year when QE1 ended.
But you have to understand that the Fed's efforts can't stop the coming inevitable crash but simply delayed it. It's like a roller coaster. The higher you push it, the bigger the coming dive is going to be. So hold on whatever you can reach cause the coming crash will be nothing like you had seen before.
stock market and the economy are not related, even if we double dip, stock market will make all time highs.
why? you ask. because people dont have to pay mortgage anymore, they can use that money to buy iphones and ipads.