Thursday Morning Reads – 1/15/15

After years of manipulating its currency today the Swiss waved the white flag and surrendered.  What ensued was a collapse that will go down in the history books.  The EUR/CHF has fallen over 1,800 pips in just a few hours, an incredibly remarkable move.  In an era/age of unprecedented Central Bank manipulation today will prove as another example of what happens when the Central Banks decide to alter the will of the free markets.

Off the soap box and onto some morning reads.  This is some of what I am perusing this morning as well as a quick look at the overnight stock futures session:

BP to cut jobs

Caesars files for bankruptcy

Radio Shack to file for bankruptcy

Swiss Bank Stops the Madness or Starts It....The Cap Is Gone

ECB Thankless Task (as if Central Bank Officials Need Thanking)

The Franc Rockets

India Cuts Interest Rate

Swiss Shock

Swiss stocks dropping most since 1989

Its Turmoil

Known to most as Uranium Pinto Beans, Jason has more than 15 years under his belt of trading stocks, options and currencies. His expertise primarily lies in chart analysis, and he has a strong eye for undervalued stock. Because he’s got the ability to identify great risk/reward trades he usually enjoys taking the path less traveled and reaping the benefits from the adventure.

He is a co-founder of Option Millionaires, and he is best known for his weekly webinars with Scott, as well as his high level training webinars and charts found in the forums.

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