Talk about the dangers of bandwagon investing. As more and more investors heard of the upcoming ECB talks about Eurozone quantitative easing, lots of forex investors started betting against the Swiss Franc (CHF). The conventional thinking was that QE by the ECB will result in a battered CHF. Wrong. Dead wrong. The Switzerland National Bank stepped in and uncoupled the CHF from the euro. By letting the CHF float, the SNB relieved itself of the potentially costly burden of buying up QE-watered euros in the open market to shore up the CHF. As reported here, this unleashed a lot of losses in the global forex market.