[Infowarrior] - OT: Thank the SNB for the Truth

[Richard Forno]

This week's SNB action exposes perfectly why I've been saying the 'markets' have been in artificially-controlled la-la land since the 2008 Great Recession, as succinctly described/portrayed here:

Thank the SNB for the Truth
http://slopeofhope.com/2015/01/thank-the-snb-for-the-truth.html#more-42204

It's a sign of things to come, if/when/as 'market's return to some semblance of normalcy.  Be ready.

Of course, some brokerages are whining about having to cover *massive* client losses.  Yet these firms allowed 50:1 or 100:1 leverage (which works both ways) and apparently assumed (key word) that the SNB would tell them ahead of time what it was going to do, which in this case it didn't.  Therefore, it's kind of nice to see such firms 'victimized' by the same information blackout that the rest of the investing world has to live by for a change.  No sympathy there!

BTW, what's the international expression for "margin call"?

--
It's better to burn out than fade away.