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DAX Is The Most Overbought Since The Peak In 2000
Th German DAX stock market index has only been this extended relative to its 200-day moving-average once in history... March 2000 - and that did not end well...
Thank you Mr. Draghi...
Chart: Bloomberg
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bullish
yeah but now we're printing a shit load of money so it's ok...
MOAR!!!
Fuller-er retardeder!
You know, good numbers are not presented on ZH, for the whole picture additional sources are necessary. German and EU leading indicators indeed are looking stronger - it's the US leading indicators that have been weak.
Europe has implemented real reforms in the last three years - especially the PIGS countries did their best, but the discussion about Greece's misery is overshadowing the fact, that even in Greece structural reforms were made. Greece has a primary budget surplus, Germany's financial situation is improving even more than it's government expected, while in USA the trade deficit even has increased - in USA/Japan/UK no structural reforms were implemented and everything was done by QE. Therefore the quality of created jobs is so abysmal, while in Europe the reforms are beginning to show a broader improvement now.
Without the Ukrainian crisis, which has hit Europe and not the USA, I believe the improvements in Europe compared to the US/UK/Japan would be even better. I don't say that things are good in Europe. I just say, that compared to the rest, the outperformance of the DAX now is justified in my eyes.
What maybe should also be noted, that the DAX shown above is the performance index, which includes dividends. The "DAX Kursindex" without dividends just reached the 08 ATH now: www.boerse-go.de/Index/DAX-Kursindex/Zeitraum/10years/Handelsplatz/XETRA
Overbought for a reason.
And once again comparison made to pre 2008 charts when markets were just a little bit more free from CB's and HFT's.
ZH doesn't even know
the peculiarities that involve the DAX.
Its just pseudo technical blabla.
Go, get a real market technician!
That's OK. BTFATH!
We know who to hang if the market goes down.
#Germanwings Crash
Latest News-Ticker HERE:
http://tersee.com/#!q=germanwings&t=text
Photo of Germanwings crash??
https://www.facebook.com/photo.php?fbid=10155450116830393&set=p.10155450...
Looks like there could be survivors if it is.
Stock prices have reached what looks like a permanently high plateau
They were saying that about bitcoin only a short while back...
Everyone is piling in to German stocks because they think that the Euro will collapse and then they will end up with DM. Is self preservation.
Like Zimbabwe.
If that were the case, then the IBEX and FTSE MIB would not see a similar rise. But they do.
It's another case of endless CB-provided liquidity lifting all boats (but the Greek, which is somewhat ironic).
And the central banksters can make it grossly overbought to enrich their future employers. Just like Richard Fisher jumped at Pepsi's offer.
Central banksters are out to prove their powerful by stretching the markets well beyond their historical norms.
This could also be explained that the smart money is avoiding the bond bubble and stocks look like a safer bet. Pubic V Private
Martin Armstrong says DAX will rally as equity buyers expect to get paid in Deutche Marks when the Eurpo collapses.
Its a flight out of the Euro you are seeing.
wonder how many people went broke calling top in the zimbabwean stock market during the currency collapse
Peak Oil, Max Dax.... hype and stocks are hyper extended.
My virgin comment. Please be gentle.
Maybe this will explain.
http://armstrongeconomics.com/2015/03/23/where-to-hide-public-v-private/
Come in my arms, will feed and protect u... :-D
u say in that article "The rise in the DAX has absolutely NOTHING to do with traditional economic theory."
Are you sure you know a thing or two about economics or Germany for that matter?
How about digging a bit deeper in to FOREX and in to understanding German economy?
btw, if you want to learn about these things, you've come to the wrong place! ;-)
for starters: http://www.ft.com/intl/cms/s/0/ed0eae0c-d204-11e4-a1a0-00144feab7de.html...
Fear of the rigged goernment bond market, but in essence there is an over supply of money in relation to the real demand. No one wants to get caught up in inflation with government bonds.
Since peak 2000?! I think you mean since Lehman...