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Swiss National Bank Set To Intervene As CHF Hits All Time High Against Euro
Everyone's favorite openly interventionist central bank (no, not the Fed: Bernanke is all about covert market manipulation) the SNB is about to pull the mother of all Swiss Franc dumps, as the CHF has just hit an all time high against the euro. And when that happens, the one currency that everyone loves to forget is about to get some seismic shocks. Also Mr. Bigglesworth (aka Ben Bernanke) gets upset, and tress die. It is perfectly logical that Soros-lites all over the world are currently loading up on cheap CHF straddles in anticipation of a UK 1990's redux. The race to the currency bottom is now in the second lap.
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Poor bastards need to sell some cheese with holes in it.
"Swiss Cheese is a rip-off! It's the only cheese I can bite into and miss!" -Mitch Hedberg
Surf's up!
If it is not too late to wager, I'll take 50 Trifectas with the Pound to Win, Euro to Place, and the Mexican Peso to Show.
Royal Flush!
Moin from Germany,
should be fun to all those "clever" folks who have financed their mortgages in swiss franc......
At least the Forint & Co haven´t collapsed as hard as the €.....
Talk about a cannery in a coal mine.
If Germany, Holland, Finland and the rest of the Nortenos really want to split from the common then why not enter into a common using the CHF and confederation Swiss banking law at the same time?
Just luv the forward date in the chart...
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