Apparently, investors have to prepare themselves for turbulent times in the leading German index.
(Photo: dpa)
Dusseldorf The German stock market was robust at the start of June. A day after the leading index Dax fell to 15,628 points, it stabilized again above the level of 15,700 points. However, the losses at the end of May showed how fragile the current situation is. Prominent experts such as fund manager Jens Ehrhardt even expect a crash down to 12,000 points.
Warning signs also emanate from the history of the Dax, as a Handelsblatt analysis of all complete stock market years since the index was launched in 1988 shows. In the course of the year so far, the history has been accurate and, for example, showed rising prices and an imminent record high in April, although many experts had been skeptical and had warned of a correction.
The Dax history now shows that the air on the stock market is getting thinner. A total of seven findings can be derived – one of which contrasts with the forecast by Ehrhardt & Co.
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