Let it be said I am no economic expert or anything, but from what I've seen others say about the economy, the recovery is doing fine. Q1 GDP was 6.1%, which is pretty dang good.
It's that we're about halfway through all the big companies taking a hard look at their accounting methods. Once this ends, confidence should return to the market and the indexes will rebound.
Until then, Wall St. will remain gunshy.
My worthless opinion. hehe