Two WSJ stories this morning that capture the radically contrasting moods of America: "Frugality Moves In for Long Stay" focuses on ordinary Americans freaking out at the high unemployment rate and trying to save their pennies.

Meanwhile, Wall Street's resuming its "pro-risk strategies" with deal after deal, as are other world markets, as the WSJ points out in "Futures Rise as Risk Appetite Grows." See this Reuters piece about the deals being fueled by cheap money.