Manarin Investment Counsel, Ltd.

Yahoo Finance - Based on past history of bear markets, [Ken] Fisher says the current rally is only about 50% done in terms of duration, although the steepest part of the advance has probably already occurred.

In sum, he believes in the V-shaped recovery - for the stock market: "The beginnings of bear markets are about fundamentals.  The back part [is] nothing but panic," Fisher says.  "The rate of descent on the downside actually gives you the rate of ascent on the upside.  It's an almost perfect V [and] that 'V' runs for fully a year, always."

That's encouraging news for those who feel like it's too late to get in on the rally...

Additional Recommended Viewing:  Brian Wesbury offers a similar argument that we are still in a V-shaped recovery.