2 ms·
Europe: Germany - is already in the recession, but DAX is climbing on par with SP500 (or anything what climbs). Obviously, not a good indicator of a rationality
by vizzah 3y ago
Europe: Germany - is already in the recession, but DAX is climbing on par with SP500 (or anything what climbs). Obviously, not a good indicator of a rationality in the market, esp. when greed indicators are at the top. Even Lagarde warned about swift market corrections, but market participants apparently think it all is a bluffing =)
- ChuckNorris89 3y agoYeah, Europe is not as economically strong as the US. We still have sky high prices, stagnating wages, and a war on our doorstep. I read a lot of news of economic slowdown in German exports due to several factors. Anecdotally, got laid off in early spring, still trying to land a decent job, but despite the so called labor shortage all I get is shit offers for 2018 money. While I'm sure this benefits some, the fact that the stock market is now up, is little comfort to me.
- temende 3y agoThe original post was about the US stock market, but I guess should have still clarified that I was talking about a US recession. I don't follow the Europe economy as closely
- nly 3y agoThe stock market is forward looking and bottoms before the wider economy