Last week US stocks rallied sharply capping their best week since February, after Corporate America posted results that beat analysts’ estimates.

“But don’t mistake a bear rally for a new bull market,” says Eric Roseman.

“No matter what happens in the short-term, most stocks will be poor investments over the next several years as inflation, deflation and a long-term contraction in bank credit slow the world’s largest economy to pre-1995 levels.