At Oliver's Insights, today, you can read more arguments about the economic cycle being on the rebound. I will leave the power of arguments to the experts. However, remember that all the experts were there during the downturn, as well. Not too many got it right, though.
Link to the article: From bear to bull - the cyclical upswing in shares (Expert Articles).
One useful graph from the article portrays the economic/investment cycle:

Link to the article: From bear to bull - the cyclical upswing in shares (Expert Articles).
One useful graph from the article portrays the economic/investment cycle:

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