Is the economy bouncing back?

Both in U.S.A and India the stock markets had been witnessing a surge this week. Is this a sign of economy falling back in track? Well I don't think so this is purely an impact created due to the various stimulus packages which is creating a positive sign for all the U.S banks. This will be temporary and am sure that the morale will turn bearish with more economy statistics like job loss, new jobs created, home sales figures comes out for the month. I am sure there will be more job cuts and companies will face growth challenges for atleast another 3-4 quarters. Especially in U.S I still don't understand how the green initiation is going to fuel the next growth.