Take a look that this graph of the Swiss France Euro cross. That graph doesn't make me want to wake and buy stocks in the morning.
The SNB is now paying negative interest between -1.5% to -0.25%. This removal the CHFEUR cap of 1.2 is not going to jumpstart any economic activity in Europe. Just after the SNB move, the bourses in Europe went into the red and S&P futures dropped around 1%, currently trading down -0.4% from yesterday's close.
Michael Grove, CFA