Is a Currency War Looming
The US Dollar versus Japan and Europe is rising to a point where things could start to have real market consequences. See seekingalpha link from 18 months ago on currency effects:
In the meantime, I am back from vacation and we have seen the run to 2000 on the S&P happen. Now I am watching the tight 1990 to 2011 range on the S&P. A sustained move out of this little box would be significant. Tomorrow’s employment report will probably not be a game changer.