This Won't End Well

If you thought the market's reaction to the Swiss National Bank's decision was extreme... imagine what happens when this unwinds...

 

Leveraged Funds have never been more short the Treasury Bond... and T-Bond yields continue to crash to record lows...

 

And yesterday - specs were the shortest the Swiss Franc in 2 years and it spiked 24 handles.

 

Chart: Bloomberg

h/t @Not_Jim_Cramer