Where did everyone go?

Seriously. This has to be the slowest day of the year. I don't know whether that is bullish or bearish. Probably neither.

The dollar seems to be coming under increasing pressure especially against the euro. The manipulated yen just does nothing. I suppose if US data continues to be soft and the euro goes higher the political rhetoric will be turned up against japan to move on interest rates. Japan is operating a neo mercantalist economy will little regard for anyone else. Nothing wrong with that, but if 200 million americans begin to feel a pinch I would not want to be short yen. Its only a matter of time before the Barney Franks of the world begin to go after japan too. Quite frankly I dont blame them.

AD line in nasdaq is split and slightly more advancers than decliners in the NYSE. It seems like the market is being willed higher on nothing more than "all dips are rewarded mentality". Only Gods knows what will change that attitude, but my guess it is an event that questions global economic security. For all the talk about the winnners in globalization there are plenty of losers. Just as anyone working for a wage in the devloped world.