Friday, January 16, 2015

Orange Alert: Black Swan Event

Maybe a Faux News 'Orange Alert' will get their attention...

"I picked a bad week to stop sniffing glue"
Four brokerages shut down by the move in the Swiss Franc, so far...

A bad week for the carry trades:




Swiss Franc/Euro: "Black Swan Event"



Euro/dollar



The last leg of the carry trade stool is rolling over
Yen/Dow short-term view: Now basically identical




Credit spreads


Canadian dollar


Russian stocks in no man's land


Walmart


Blue light special in aisle 5.