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Know the american first people. They wanted to keep us out of foreign wars stay home and build a big moat and today a country famous for cuckoo clocks does something cuckoo sending our markets down s p tumbling and nasdaq plunging 1. 48. Why do i want to come . Let me start with the foreign wars the foreign currency war going on in europe . I dont know where it is this morning. The swiss decided to make the currency stronger versus the euro, one of the necessary but still shocking things that spits land had to do to keep hot money flowing out of euro denominated banks into swiss franc denominated banks. Their banks were becoming too much a part of the swiss economy and weve seen that that can lead to disaster, ireland, cypress and ireland. As much as this was good by the regulateors wanted this its stunned currency traders were wondering the companies that owe Swiss Bank Money may not be able to pay back that money because the currency got strong. Scary. Now, none of that really matter

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