DOW Up At Noon

In the noon hour the DOW is up 20 points. I cannot explain why the DOW is up, even after reading through several articles but I will make a stab at it.

Essentially consumers are spending tons of dough, Q1 profits are huge, oil companies which are one of the main lifelines of Wall Street are raking it in. Pit that against poor unemployment (basically who cares right especially on Wall Street), a weak GDP, multiple world crises, rising inflation, and guess who is the winner.

Yes its another rhetorical question.

Reuters: Exxon, Shell profits surge on higher oil prices

Exxon, the world's largest publicly listed company, posted a 69 percent increase in earnings to $10.65 billion, its biggest profit since the third-quarter of 2008, when oil prices last traded above $100 per barrel.