http://finance.yahoo.com/news/1stqtr...&asset=&ccode=
Had an old CEO who watched consumer loan delinquency rates "credit cards are the best proxy nowdays" like a hawk, rising rates indicate a looming recession, declining rates indicate a looming recovery.
Overall the problems are still historic, but during this saga you'll find a lot of periods of calm.
This dosen't mean the stock market is going to the moon, and it dosen't mean everyone will be fine, it just means we should see a solid bounce from here soon.