Dow Jones July 2011 Market commentary "Me Worry?"

The Dow Jones (DJI) monthly view looks pretty good, considering its only 11.7% of its all time high. You have to wonder why the US market is so positive given that every one is negative about Americas growing debt, unemployment and a weaker dollar. Yet the monthly big picture is saying "What GFC? who me".
Sure its nearly 5 years from Gloom and doom but what a comeback.
So the big picture is like this