who needs rising business activity & profits?

The Dow is performing tremendously well today, up again, and ignoring all the bad news. I'm impressed.

As we can see from the article below business activity continues to contract faster than expected.

Who cares about that?

The Dow has a life of its own and everyone who got set early in this rally is laughing all the way to the bank. Come to think of it the banks have also made good use of this rally by raising much needed capital.

Who needs increasing business activity and increasing profits when the Dow can do very well thank you without either as we have seen in recent months.

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"Chicago Purchasers’ May Index Shrinks at Faster Pace

By Courtney Schlisserman

May 29 (Bloomberg) -- U.S. business activity contracted at a faster pace than forecast this month as orders and employment dropped.

The Institute for Supply Management-Chicago Inc. said today its business barometer decreased to 34.9 from 40.1 in April. Readings below 50 signal a contraction.

Rising unemployment and banks’ reluctance to lend may weigh on spending, making it difficult for factories to recover from the worst economic slump in at least a half century. Private economists have scaled back forecasts for economic growth in the second half of the year.

“Businesses are just not going to be of the mindset to add capacity when they have so much excess production capacity,” Derek Holt, an economist with Scotia Capital in Toronto, said before the report."

Full article at

http://www.bloomberg.com/apps/news?pid=20601087&sid=ah4HY5xwgduY&refer=home