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Not at all...

Need more than that... Germans collecting taxes in Greece and stuff like that is what's needed.

It's the first step on a long road that leads in the right direction...

A better question for you... Is this the bottom for French banks? Answer that and I'll give you an idea on your question.

Why not? It's not like this negative correlation is some sort of natural law.

I don't know of any public sources of this info.

Cavalry say no.

No, not at all... However, I do have a problem facing poorly understood commentary produced by inadequately informed armchair poticians/economists like yourself. By no means am I suggesting that I am well-informed, but then I also don't offer my opinions on the Eurozone situation in post after...

Come on, dude, stop spouting this already, will ya?

What specific trigger, in your view, can make the SNB give up?

If the Euro actually breaks up, it likely will be the best thing that has ever happened to the SNB.

You're seeing the mark-to-market of your position, rather than the premium.

Have you ever heard the ole "there's no free lunch" saying?

Why not go for a cool trillion, while you're at it?

I try and do my best on both fronts...

I see... So why would anyone care what the SNB does with the Swiss Franc? If it's revolutions, blood on the streets and all that, shouldn't really matter, right?

Ah, OK, so you actually don't have a clue what's going on and are just sorta generally making random statements?

Yep, that's right, they buy short-dated German bonds... So what do you think is going to happen to German bonds if Greece defaults and the rest of the PIIGS follow?

Now you're just being silly, DT... Do you understand what the SNB actually does when it buys EUR?

If you believe the SNB will be successful, buying pretty much any ccy vs CHF is, basically, risk-free carry. You can even spend some money and buy some far OTM EURCHF puts (vol has gotten quite a bit cheaper now) to protect yourself somewhat against the SNB failure, if you're worried. The...