Big day

[cottonpicken]

Switzerland went full retard in the fx markets.

Can't cut and paste from phone but check out the francs chart.

[cottonpicken]

Lots of freaked out people something is happening and chaos has taken hold.

[SASKFARMER3]

Global markets were thrown into turmoil on Thursday as a shock move by Switzerland to abandon its three-year cap on the franc sent the currency soaring and Europe's shares and bond yields tumbling. The franc jumped by almost 30 percent in a chaotic few minutes that saw it break past parity against the euro to trade as high as 0.8052 francs per euro as it cast off the 1.20 per euro cap it has had in place since late 2011

[rkaiser]

http://vineyardsaker.blogspot.ca/2015/01/breaking-news-russia-will-completely.html

[furrowtickler]

I think the SHTF with oil dropping and the Muslim uprising has Eruope panicked

[ALLFARMER]

The markets are holding a HUGE SALE!!!
- Buy ETF's, Suncor, INP

[cottonpicken]

Probably means something is happening in the eu. They will roll out qe to recap the system and the euro will go down and that would be costly to Swiss to keep the floor by buying euros or they dont do a qe and the shit hits the fan.

[cottonpicken]

Suncor?,what's the rational behind that?

[ALLFARMER]

Suncor - strong balance sheet, minimal debt, share buyback program, no exploration risk, pays a nice divy that uncle sam doesn't take a huge cut of. Owns petrocanada / horizontal intigration. Owns 4 refineries who haven't passed all the the cheap crude savings down to the consumer. Once the energy east line gets going or keystone xl gets pumping translates to upside. I don't see oil going to much lower and the low oil price is already baked into the price of the stock.

[ALLFARMER]

I am hoping Klause never bought the Savana at 3.14 cause its 2.57 now.

Raytheon was noted on here at 110 its now 105.87

Lots of dollar cost average down opportunities....include the suncor I hold.

[Oliver88]

I am waiting for oil to hit $40 before buying Suncor but like Suncor.

What about Canadian banks? I am thinking either CIBC or National.

[ALLFARMER]

The guys that say buy the bank stock all say once interest rates go up the banks will be in the money.

I am not to sure I share that belief. Interest rates rising is like farming....next year...next year...next year.

Plus all the competition they now have from mortgage brokers.

[malleefarmer]

interesting stuff in weekend business pages about it here, swiss are very very good managers and looking after there own but seems they got it wrong this time.

A us based currency trading firm ammased $225 million dollars debt in a matter of 20 minutes and is technically belly up the sheer speed it happned apparently were helpless, almost a melt down couldn't trade due to sheer volume of trades.

I admit I do NOT understand it completelty but all countries not tied to euro are in trouble think Denmark Norway sure there are others.

Things change was only 12 months ago economies not tied to euro were a safe haven now the opposite.