I wouldn't crow about the economy just yet.
There are some significant deflationary pressures out there, some important numbers (such as durable goods, production/capacity utilization, business inventories) are looking crappy, and China's problems aren't over. Plus the 10-year bond is back down to freaking 2.12, holy crap. I've seen predictions of 1.60, even worse.
If we make it to July or August unscathed I'll feel better.
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Good points Mac, it's a good news-bad news situation, the strong job numbers in December (fueling speculation that the fed will raise rates again soon) coupled with the fact that the Chinese Equities Markets are a complete mess right now and due to government interference cannot effectively carry out price discovery is going to IMHO sting U.S. financial markets badly for at least the first quarter.
Right now it looks like the U.S. economy is the best house in a really shitty neighborhood and it's looking like the risk of another global recession is growing rapidly, time to batten down the hatches until the picture gets a bit clearer I suppose.