From the WSJ –
…across the financial markets, a sea change is taking place. Investors are abandoning the time-tested “stocks for the long run” optimism that dominated since the late 1980s. Instead, there is a widening belief that the mess left behind by the housing bubble and financial crisis will be a morass to contend with for years.
A cynic might suggest that if the WSJ believes that equities are dead then the market is probably going to go up.