Perhaps there’s no better example of the disconnect in American society than the mile-long food lines across the country and the endless lines of callers trying to get through to unemployment offices; contrasted with the trend lines across much of the stock market. NYT: The Bad News Won’t Stop, but Markets Keep Rising.

+ The market is being fed by the Fed. “Even as real-world economies freeze and implode in the short-term, financial markets are buoyed by a tsunami of liquidity.” Time: Stocks Are Recovering While the Economy Collapses. That Makes More Sense Than You’d Think.