The leading German index had reached several new record highs in the last stock market year.
(Photo: Bloomberg Creative/Getty Images [M])
Dusseldorf Investors on the German stock exchange reacted to the late sell-off on the US market with similar behavior. The Dax slipped by 1.3 percent in the first hour of trading and is traded at 15,702 points, a drop of 1.3 percent and 210 places compared to the previous day’s close.
Investors use rising prices again and again to sell. Because yesterday, Thursday, the Dax was still approaching the 16,000 point mark and was 0.65 percent firmer at 15,912 points, the highest level of the trading day.
Apparently, the “buy the dips” mode, i.e. seeing every setback as an opportunity to buy, is coming to an end. This behavior characterized almost the entire stock market year 2021, in which there were only small declines. Now “Sell the Rally” applies more and more. Rising prices are seen as a sales opportunity and the market is trending downwards overall.
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