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:

http://seekingalpha.com/article/1224021-the-rising-u-s-dollar-what-it-means-to-the-economy-and-to-investors

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.

 

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