"Corporate America, excluding the banks, came through the financial crisis in great shape in terms of their balance sheet," says Fred Dickson, chief investment strategist at D.A. Davidson & Co. in Lake Oswego, Ore. "They have enjoyed accelerating revenue and profit."
Those rising stock prices have certainly helped one group: billionaires. Two years ago, according to Forbes Magazine, there were 359 US billionaires, controlling $1.061 trillion in wealth. The magazine's assessment for 2011 found 412 US billionaires with wealth totaling $1.484 trillion.
Yet on Main Street, the view is somewhat different.
Poughkeepsie is the county seat for Dutchess County. As such, it has a certain amount of built-in stability from courts, law firms, and hospitals.