I don't know if it's bullish - down 30% at one point off the peak, the quickest selloff in history, followed by an impressive run -- it's certainly volatile right now...

I think the thing people don't understand about the market, is buying stock is buying a right to participate in a company's future earnings and risk -- it's _forward_ looking. Where as most economic data (jobs reports, earnings, etc) is _backward_ looking - by the time we get that data, it's effectively already priced-in in an efficient market.

If I'm buying right now, I'm thinking stocks are actually on sale; I get more for my money - and I'm looking to hold for multiple years, so any one day's news good or bad doesn't really matter to me.