There’s no denying that US stocks have been rising of late, but is this pick up a genuine bull run or just another bear market rally?

Bloomberg reports that the S&P 500 has climbed 9.8% since reaching a 19-month low on March 10. And some Wall Street analysts, like Lehman Brothers Ian Scott, are predicting that better-than-expected earnings will pave the way for a bigger rally.

Eric Roseman thinks Ian and his Wall Street pals have it dead wrong.