While the world grapples with the various avalanches (no, I won't let go of the snow theme), investors really are pondering the following question: Is there any safe haven left?
Gold? If anything, it's an unreliable one given the ascent of the dollar and lack of inflationary pressure. Treasuries? They may be rising at the moment but we are still looking at a Fed tightening move some time this year.
The yen? Many argue the yen has long lost its appeal as a safe haven as a result of by the Bank of Japan's own QE program and Abenomics.
The Swiss franc? If you held Swiss francs, then yes, but any equity investment in Switzerland will have suffered. And who wants to safely park their money in a country whose central bank doesn't shy away from pulling the rug out from under the feet of investors and the credibility of its monetary policy is at risk? This is a shaky haven at best.
A well-known Disney character recently claimed that the cold never bothered her anyway and said she should let it go. She may be alone. Most investors want protection and will look for havens. There may just be fewer of them around.
If you have found a safe haven, we want to know. Send in your tweets to @carolincnbc or take part in our poll on our website www.cnbc.com
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