The completely unexpected decision of the Swiss National Bank (SNB) to remove the 1.20 floor on the Swiss franc against the euro on Thursday was one of the biggest currency shocks since the collapse of the Bretton Woods system in 1971. The decision has been heavily criticised, both for its tactical handling … Read entire story.
Source: Gavyn Davies
Boy is this getting silly. ; Apparently, we never learn. ;Well, we at PSW learn. ;We've been hedging the crap out of this rally for reasons that should be entirely evident on this chart – earnings are NOT GOOD! ; If earnings aren't good, then why are companies racing up…
Wheeeee, what a ride! ; As you can see from the chart, Greece has been up and down 10{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} 4 times in 5 days and last week we gave you a Trade Idea for trading Greece long using the GREK Feb (expires today) $11/12 bull call spread at 0.50 to make 100{04524d497bea0ade6defd1388b5c9b25998d95475e2938b4fa9d615e63ad1540} in 5 days…
Starting in early 2016, you will no longer need an American Express card to pay with a credit card at Costco. Not earth-shattering news (although I do buy a lot of stuff at Costco), but as a credit card geek I thought some of the details that came out were …