Is it safe yet?

In the last few days, the talking heads on various shows and a lot of economic experts have changed from talking about how bad the economy might go to when will the recovery start. This is of course not universal and I see a lot of charts around showing that the current run up in stock prices are simply a bear market rally. However, charts on how an index operate are clearly historically based. Ultimately, the stock market has to react to the economy, it doesn't create it.

While most signs, especially the leading indicators, have been more positive recently, hard to say they are definitive. However, if you go against them, you need to base that on something. If home sales are up, even at depressed prices, that means people will need furnishings and new appliances, and renovation materials. The price at which the home is purchased doesn't really impact any of that, unless of course the buyer has no money left.

Also, is these assets get a valuation, any valuation, they are no longer worthless. In the worst parts of the country, home prices have fallen by as much as 40%. Well even in those areas the assets are worth 60% of what they were, which in my view is much better than 0. Most of the country is doing better than those numbers.

Is it safe yet? Starting to look like it more and more.