Frankfurt He trumps most of his competitors in terms of experience: Jens Ehrhardt has been working as an analyst and fund manager for over half a century. Despite the recent turmoil surrounding the banks, the 81-year-old sees the stock markets on the right track. The rise of the leading German index Dax to a new high for the year confirmed his view on Tuesday.
However, he fears that the old stock market adage “Sell in May and go away” will come true this year. According to the founder of the asset management company DJE Kapital, the good mood on the stock exchanges should be over in May.
In the interview, Ehrhardt explains where he sees latent risks, what could trigger the Dax to fall back to 13,000 points, why he thinks the European banking system is more stable than that in the USA and which stocks he now looks at in Germany, North America, China and Japan puts.
Read the entire interview here
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