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my +1 comment was referring to Eliot's last sentence about OP losing his car and house - which seemed to be fitting given the basic nature of question asked... maybe you need a rest.

+1 :cool:

martinghoul,don't be an asshole...and make money :-)

correction in red. sry

why would they defend USDCHF Sherlock? they care about EURo which is where most of their stuff is exported to. nice article here: http://uk.reuters.com/article/2011/09/08/uk-swiss-snb-intervention-idUKTRE78723920110908 nb.: i exited today my long EURCHF as the next few days may be a bit...

who cares...

you could also make an argument that PPP is more important for judging low income countries exchange rate but much less so when it comes to rich countries.

they will only make profit. as long as they buy at 1.20 and do not let it go lower the trade always shows profit. also note that today they made a killing by trading for 3 hours at around 1.10 before issuing the statement. smart guys. :(

also the size of the economy matters. BOJ would have hard times to get away with explicitly stating the level vis-a-vis USD (or a basket). on top of that CHF was clearly becoming a crazy speculative bubble which you can hardly say about JPY. i hope many people/funds got killed on this move.

i should also add that who bails out first from their CHF longs wins - so it is off to the races for hedge funds and retail. at least 3 full figures by the end of week.

who gives a shit who pays for this mess as long as you make money on it? short CHF all the way...now SNB must vigorously defend EUR - otherwise they are screwed. free money here. rememeber there are already negative nominal rates here, currency is volatile, swiss economy is weak, banks...

unfortunately there is some truth in this...:(

also think buffet is overrated. i like soros much better...

+1. half a cent for canceled order is more than enough.... and no credits for adding liquidity (when times are good who cares about added liquidity while when times are bad no incentive is enough...)

that equates to about 1% sell-off since Friday's close in NY - kind of as expected...i.e. rounding error depending on where the ILSUSD goes... p.s. note that Israel closed before the market opened in NY on Thursday...

:D :D :D

agreed. btw we all knew US is not AAA (equally we know it is not AA+). I am surprised everyone is screaming here like it is a shocker... personaly i believe that the equity markets will end higher on Monday after an initial sell-off. why people think we sold-off this week? with S&P...

7 potatoes maybe - but not 7 USD....

i was getting frustrated with the performance of Firefox 3.x recently. but the latest release (Firefox 4 RC) is absolutely stunning and fast as hell... give it a try...

i have heard that nevada is a great state to keep properties there....:eek: