short of the century - hopefully, page-9

I don't think Alcoa or similar bad news is going to have much, if any negative affect.

Once it's established that a recession is on, then those factors which comprise recession are already there: negative growth, poor sales, production cuts, high unemployment.

The USA is in recession -- shares are rallying
Auto sales halved -- shares rallying
Home sales worst on record -- shares rallying
Unemployment at almost 7% --shares are rallying

The market knows the bad news. But it's looking ahead beyond it.

Which is not to say it rises in a straight line, because it never does. There'll be corrections during the uptrend.