Depending on Banks to Fuel the Rally...

So, the global economy is facing one gigantic balance sheet recession and the Bulls are pinning their hopes entirely on the sudden, miraculous return to profitability of banks?

Commercial real estate hasn't even collapsed yet. Credit cards pools haven't even imploded yet...

I have only one question. Why won't you learn?

S&P 500 Can’t See Enough Money to Feed Stocks’ Rally (Update2): "Investors are depending on banks more than at any time in at least 60 years to lead the U.S. out of the longest earnings slump since the Great Depression.

American companies will end more than two years of declining income by the fourth quarter, according to analyst forecasts compiled by Bloomberg. Banks will be responsible for all of the 76 percent rebound in the final three months of the year, because without financial companies, the gain turns into a 4.5 percent decline, the data show."