As I have stated many times on this site, I am bullish on equities for the remainder of the year. We should see continued "volatility" until October, at which point the upward surge should be pronounced.
The usual hackademic suspects have emerged from the bear caves and proclaimed the end of the world. The old "economists have predicted 9 out of the last 5 recessions" comes to mind...
Stagflation is another meme making the "WHAT IS THE SINGULAR CAUSE OF THE COMING COLLAPSE" rounds.