PW reports that the stocks of booksellers and publishers are beating the Dow Jones index by about 25% this year:
Led by a remarkable rebound by book retailers, the Publishers Weekly Stock Index jumped 23.9% in the first six months of 2009, easily beating the Dow Jones Industrial Average, which declined 3.7% in the January through June period. Borders Group, whose stock spent the end of 2008 trading below $1, had the best performance on the PWSI with its share price skyrocketing 820%, as investors expressed more confidence that the company has a chance to successfully turn around its operations.
There you have it. Books are vital to our economic recovery.