The biggest joke is oil. You don't have to even look at the markets #'s , just look at oil. The markets have been following oil, so since when is higher oil good for a recession economy ? They are bidding up oil on lower demand, basically the same as the markets. Stocks are going up on no growth and lower revenues. It will all end bad, but for now its going higher
it's a reflation / inflation trade going on. Weaker dollar sends capital toward anything else. If a market can see foward then inflation is the light at the end of this tunnel, on the front of a locomotive of HyperInflation!