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Tuesday, September 6, 2011

Here's One Company That LOVES Today's Swiss Franc Intervention


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Tuesday, September 6, 2011
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Here's One Company That LOVES Today's Swiss Franc Intervention

Today the Swiss National Bank intervened in a dramatic way to weaken the Franc, which has been rallying like crazy due to European investors searching out a safe-haven.

One obvious beneficiary of a weaker Franc: Swiss exporters.

And one industry -- the country's famous watch industry -- has already applauded the SNB's measure.

And of course, there's no bigger name in Swiss watched than Swatch, which is why its shares immediately rocketed on the news.

Granted it faded a bit afterwords, as some of the euphoria wore off, but still, good times in the timekeeping business. Read »


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