Maybe a Sideways Market is OK
As more and more people come to realize that the stock market value, commodity prices, and GDP are primarily a function these days of Fed easy money to the big guys, a better indiator of the true health of the nation and its people is needed. Some are looking into this and the concept will affect stock prices in the long term.
See Roger Cohen’s artile in yesterdays NYT.
Todays markets are no doubt a function of happenings in Japan, however markets always wait for events to trigger moves already in play.