One thing dont understand. Whats the mechanism behind this great divergence? I mean, yield came down, ok, but due to the lower valuation of dax compared to the spx, its effect should be smaller on dax. And everybody known that the main export partners of Germany are in trouble. But if everybody knows these, who and why buy this shit?
Maybe we shant be too logical and zoom out to recall that in the short term the financial markets are basically just a bunch of casinos and the slot machines ring loudly to keep the herd excited
In 2017, PWC took the trouble to calculate what proportion of the turnover of DAX companies actually comes from Germany. They found that it was still 24% in 2013, but only 20% in 2017. I can't find a source for current figures, but I often say it: the DAX has long ceased to be a representative index for the German economy.
The best Shrub in this forest🤌
No doubt! The best one.
Definitely the same feeling about DAX like in December 2007.
Are you absolutely certain that this is a shrub and not a weed?
Smoking this makes me feel very funny.
To those who read me my notes, this guy writes economic observations as stand up humor.
One thing dont understand. Whats the mechanism behind this great divergence? I mean, yield came down, ok, but due to the lower valuation of dax compared to the spx, its effect should be smaller on dax. And everybody known that the main export partners of Germany are in trouble. But if everybody knows these, who and why buy this shit?
Norwegian fund buys at least a few % of the total shares these days I think.
Maybe we shant be too logical and zoom out to recall that in the short term the financial markets are basically just a bunch of casinos and the slot machines ring loudly to keep the herd excited
There is no DAX future options. Would be nice to be able to buy a 3 month put.
In 2017, PWC took the trouble to calculate what proportion of the turnover of DAX companies actually comes from Germany. They found that it was still 24% in 2013, but only 20% in 2017. I can't find a source for current figures, but I often say it: the DAX has long ceased to be a representative index for the German economy.