Market tone: Stock futures sharply lower; dollar higher; Treasurys higher; Nymex crude down at $84.73; gold lower at $1,897.66.
By Bob DeMarco
All American Investor
Franc plunges after SNB pegs it to euro. The Swiss franc was -7.5% vs. the dollar and -7.9% vs. the euro midday in Europe after the Swiss National Bank set a minimum exchange rate of 1.20 francs per euro to counter the strength of the currency and its safe-haven status. Citing "an acute threat to the Swiss economy," the SNB said it "is prepared to buy foreign currency in unlimited quantities."
http://on.ft.com/palhSs
http://read.bi/qYx8NG
Everything You Need To Know About How The Stock Market Typically Behaves In September
http://read.bi/n3waJw
Who is the doomiest of all?
http://on.ft.com/p8q3XB
What Is Going On?
http://bit.ly/oUAnCu
WHALEN: And now a word from a job creator …
http://bit.ly/pKZiv3
Wall Street Has Been Consistently Over-Bullish On Job Growth For The Past Decade
http://read.bi/oi2Jb7
Huge General Strike Hits Italy
Italy's largest union, the CGIL, is holding a huge general strike today against the Italian government's austerity cuts, reports The Guardian.
http://read.bi/ouRovK
Original content Bob DeMarco, All American Investor
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