The stock market has suffered, the German leading index, the Dax, the last three days in a row losses. Also in New York, rates collapsed on Thursday on a broad Front. The Dow Jones gave up almost 7 percent. Now slowly the reality among investors after America’s Central Bank chief Jerome Powell, in contrast with his gloomy economic forecasts for the mid-week?
in the previous short Whitsun-week, we had in Germany a Dax recovery in quasi with a “oomph!” experience. The celebration of the economic stimulus package, before it is there and we know if and how it works, had to animate the one or the other probably to purchase. And now this: A stock market that must accept massive losses because of apparent back fear to the markets.
Apart from the previous chart the course of the Dax, this is now valued quite expensive. Currently, the companies are in the best-known German stock market barometer, with approximately 17 times the expected profits of a rating. For comparison: Immediately after the Corona Crash, this number was 9. In the longer term, the Dax is classified on the p / e of 12-14 than normal.
