Our friends at Cabot Wealth Advisory wrote this article several years ago, however its points remain relevant to current market conditions:
As a bear market goes down, down, down month after month, fundamental analysts will begin to trot out the "evidence" that a market turn is around the bend - GDP is growing handsomely, earnings growth is just around the corner, FED policy is accommodative, fiscal policy is out and bullish, the technology spending cycle, fiscal policy is out and out bullish... (more)