Here is a link to a blog post from Where does  all my money go which is worth reading.  Please make sure to go the link to view the graph which I am not permitted to reproduce on our blog.

Posted: 07 Nov 2011 09:10 PM PST

It seems like it’s been nothing but bad news on the stock markets for the last while. So it might come as a surprise to learn that corporate America is earning more money than it ever has. 2011 Q2 earnings per share for the S&P 500 was $24.86 (projection based on 99% report rate). Q3 is projected to be even higher at $25.42 (projection based on 88.1% report rate).”