Will there be a dead cat bounce before the next leg down?

There are still too many optimists out there who need more time to digest the fact that we are currently entering into a recession, perhaps even a double dip recession due to the perfect storm of global instability, inflation, QT and the fact there isnt anything left national governments can do to temper the economy.

This may translate into a dead-cat bounce or a bull-trap before macro conditions force asset prices down even further. Is this thinking in-line with the past? History doesnt repeat itself but it does echo.