1.) The Dow Jones industrial average, hovering near 11,000, is up 70 percent in the past year - Low volume trading (most people have already bailed out of stock market), mainly between JPM and GS computers (look at how much C and BA comprises of the trading volume).

2.) Auto sales in the first quarter were up 16 percent from 2009. - Off 50% lows in 2008. http://1.bp.blogspot.com/_pMscxxELHEg/S410LoDr97I/AAAAAAAAHp.... That's on top of massive deals from Toyota and the rest.

3.) The economy added 162,000 jobs in March, including 17,000 in manufacturing. - 200,000 of those jobs were from Census.

4.) The dollar has gained strength - Because it is the reserve currency, it will be the last to fall. All currency races to the bottom

Mainstream medias are for propagandas. Look elsewhere for real informations (calculatedriskblog.com, zerohedge.com, mish's, etc)