So where is the light at the end of this tunnel?

The US dollar fell sharply across the board on a dismal week for fundamental data out of the world’s largest economy, highlighted by sharply worse-than-expected Nonfarm Payrolls data that sparked pronounced Greenback weakness.

The greatest threat is that the market is no longer placated by officials' standard assurances that all is okay and financial allies begrudgingly offering just enough support to buy a little time.

The Japanese yen advanced against the dollar this week as trader’s jettisoned the greenback on concerns that the economic recovery in the world’s largest economy may be faltering.

While the Sterling depreciated 0.51 percent against the U.S. dollar over the course of the week, the end result was less of a function of Sterling weakness or U.S. dollar strength, but rather a global shift away from risk.

The Canadian dollar struggled to hold its ground against its U.S. counterparts even as currency traders showed a bullish reaction to the Bank of Canada rate decision.

Global equities are now coming under considerable pressure as asset managers are preferring to "hide out" in global government bonds rather than take on more risky assets.

Remember those people who were tempted into buying a house with an $8,000 tax credit? Alas, another government program backfires. Many buyers also used the handy services of FHA financing, with just a 3.5% down payment. Housing is now below its 2009 low. So what happened to those new homeowners? They’re underwater.

Mike Paulenoff thinks ETF traders may want to be cautious of the US Oil Fund ETF (USO).

Only the zombies' houses are rising in value. Alone among major metropolitan centers, Washington, DC posts real estate gains.