Markets recover way before good news starts coming out.  Look at the 2008 recovery.  market bottomed 6 months before the good news starting flowing in.  Now I think people are getting a little giddy in that we have a "V" shaped recovery here, it is a possibility but the headwinds look a little too strong yet for me to think that a real bottom has been put in, I personally would like to see a retest or a little lower to feel more confident.  It is the markets job to try and fool everyone.  That is why I use trailing stops and money management is the key to surviving the draw downs.