This looks like it - not really a financial disaster:
LONDON (MarketWatch) -- Swiss stocks soared Tuesday after the Swiss National Bank announced that it would no longer tolerate the euro trading below 1.20 Swiss francs. The announcement sent the euro soaring nearly 10% against the Swiss currency and boosted stocks of Swiss companies, whose earnings have been hurt in recent quarters by the strong franc. Shares in UBS AG CH:UBSN +4.46% UBS -3.83% jumped 5% and the Swiss SMI index rallied 3.3% to 5,311.86.
Cheers
Redb
caylus's - exciting long red bars - tuesday, page-102
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