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Before the economy gets better it has a lot of downside yet to go. You simply can't turn things around on a dime - it's a slow moving turn. People gauging the speed of the turnaround by how quickly the stock market dropped are out of touch with reality. That's just a leading indicator - now begins the difficult and slow part...and the stock market will flounder based on dozens of factors that no one can easily predict, e.g. revenue/earnings, credit availability, unemployment, payroll, consumer confidence, housing sales, housing foreclosures, bankruptcies, M&A activity, presidential election, Fed rates, etc., etc. There are simply way too many unknowns right now and no clear indication of near-term events. We absolutely do have economic trouble ahead...
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Economy to get much worse (article)
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