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German Stocks Pump'n'Dump After "Surprise" Industrial Production Plunge

Submitted by Tyler Durden on 04/09/2015 05:26 -0400

For an hour or so, terrible news was great news as the DAX dipped and ripped after February Industrial Production fell 0.3% (against expectations of a 0.6% rise) and even worserer, January's 'everything is awesome' +0.9% rise was revised massively lower to 0.0%... February was the biggest drop in German Industrial production since August (but of course now that Q€ is here, we are sure everything will be great going forward).

German Industrial Production missed and dropped YoY unexpectedly in February...

Which was greeted by a small dip and nice rip in the DAX before sanity crept in and DAX drifted back into the red...

Charts: Bloomberg

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Thu, 04/09/2015 - 05:28 | 5974461 Haus-Targaryen

This is getting out of control and we'll be all lucky to live through it.

Thu, 04/09/2015 - 05:46 | 5974476 Perimetr

Quick!

Add more Russian sanctions!!

Thu, 04/09/2015 - 06:12 | 5974497 eurogold

Keep your eyes on Germany. Under the surface Germany is going down quickly, in all aspects.

Thu, 04/09/2015 - 06:35 | 5974520 negative rates

All but one.

Thu, 04/09/2015 - 06:39 | 5974531 XqWretch

like oral?

Thu, 04/09/2015 - 07:16 | 5974572 froze25

Yes, there population age demographics suck too. Are you kidding me with a 0.9 revision? That's obsurd, any reason we should accept the original prints?

Thu, 04/09/2015 - 08:32 | 5974707 Haus-Targaryen

While I agree -- this point is quite limited and dependant on who/what you are comparing it to.

I think Germany's future success or failure is completely contingent upon whether or not they want to fight the Russians again, or sit this round out. I hope to God Germany sits it out, but only time will tell.

Thu, 04/09/2015 - 07:01 | 5974558 saltoafronteira

Gon on, blame the Greeks on that one !

Thu, 04/09/2015 - 11:10 | 5975273 chilli sauce

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Thu, 04/09/2015 - 05:31 | 5974462 Soul Glow

At least they have beer.

Thu, 04/09/2015 - 05:36 | 5974466 XqWretch

And hot german waitresses

Thu, 04/09/2015 - 06:01 | 5974482 Haus-Targaryen

And really freaking cheap housing.

Average commute time in the United States right now is 25 minutes or about 9.5 miles from work. In the larger metropolitan areas, multiply this number by 3.

Want a 5 bedroom house in a cute little village outside Berlin for 200k€? Yeup. Easy to do.

http://www.immobilienscout24.de/expose/80724191?referrer=RESULT_LIST_LIS...

Thu, 04/09/2015 - 06:14 | 5974500 eurogold

I love the German ladies! They are great in Bed!

Thu, 04/09/2015 - 06:38 | 5974525 XqWretch

the accent is what kills me... so hot

Thu, 04/09/2015 - 06:56 | 5974551 CarpetShag

They are called Mitzi Gropius

Thu, 04/09/2015 - 06:37 | 5974523 XqWretch

Nice, and with the euro crashing maybe soon you can get it even cheaper!

Thu, 04/09/2015 - 06:38 | 5974529 praps

Germans are not too keen on spending a lot of money on a house. They have leant from history that one of two things is going to happen. The allies will bomb the crap out of it or the communists will take it off them.

Thu, 04/09/2015 - 06:40 | 5974533 XqWretch

or Jews will rip them off the ARM's

Thu, 04/09/2015 - 06:48 | 5974540 Ghordius

alternative explanation: Germans, Austrians and Swiss find that having a very robust rental housing market is good for a country. imho a sound set of policies

Thu, 04/09/2015 - 08:41 | 5974744 Haus-Targaryen

I think/wish Germany had more of a balance between the two. Right now it is quite lopsided, and results in lots of old people having nothing to their name except a state pension.

What I really appreciate about German housing mentality is the lack of McMansion cardboard boxes. Most people, even very very wealthy people live in smaller more modest homes than their American counterparts. In Germany your home is not a status symbol (that goes to what you drive) and is seen as a place to live.

There are many very nice and large homes in Germany, but they are all almost all "Altbau" (built before WWII) and are goregous in every way. There is a new round of Brutalist architecture becoming popular again in residentail housing, except this time with much larger windows than before in the 60s and 70s. While I think it looks like a large coffin, some people like it.

But I think a 50/50 split in housing would be a better gambit than the 60/40 right now. Renting your whole life is a horrible financial decision.

Thu, 04/09/2015 - 06:47 | 5974539 Infinite QE

Now that is surprising. Plus the build quality is probably a 100-times better than the styrofoam boxes that are being sold as homes in Amerika.

Thu, 04/09/2015 - 08:42 | 5974750 Haus-Targaryen

Yeup. These homes are built to last generations. There are many homes in the former DDR that haven't been maintained since 1945. They are still beautiful even though they need a coat of paint and a new roof. Can you imagine the average suburban box without maintenance for 60 years. It would look like Detroit.

Thu, 04/09/2015 - 09:25 | 5974878 froze25

Germany is beutiful, thats amazing ~$210,000 Federal Reserve notes for that house man makes me serously think about it. Can US citizens own property in Germany?

Thu, 04/09/2015 - 10:10 | 5975052 Haus-Targaryen

You better believe we can. No special permission is required either. Getting a residence permit normally isn't a problem as long as you have a job or are "self-employed."

The self employed part can be a bit tough, but as long as you can financially support yourself - living here and getting a sweet little house isn't really a problem.

Thu, 04/09/2015 - 10:22 | 5975100 Haus-Targaryen

Or if you are a "handy man" and can do a lot of work yourself --

http://www.immobilienscout24.de/expose/79663196?referrer=RESULT_LIST_LIS...

This is in Leipzig -- which is still a beautiful city. Interior of the house looks to be a in great condition.

Thu, 04/09/2015 - 10:32 | 5975123 Haus-Targaryen

I am going to start spamming this now.

http://www.immobilienscout24.de/expose/80422017?referrer=RESULT_LIST_LIS...

I think this is the best deal I've seen yet;

http://www.immobilienscout24.de/expose/62771690?referrer=RESULT_LIST_LIS...

Hasn't been remodeled since 92/93 but still for $100k. You literally could not beat it for a sweet little place to launch from for summers in Europe.

Thu, 04/09/2015 - 10:38 | 5975160 Haus-Targaryen

6 Bedroom House between Leipzig & Berlin; $24,000

http://www.immobilienscout24.de/expose/80768804?referrer=RESULT_LIST_LIS...

Thu, 04/09/2015 - 05:38 | 5974468 the not so migh...

holy shit, reality dead ahead

Thu, 04/09/2015 - 05:51 | 5974478 tocointhephrase

Das von down

Thu, 04/09/2015 - 05:56 | 5974479 CarpetShag

Kauft die fickenden Ruecksetzer !

Thu, 04/09/2015 - 06:38 | 5974526 negative rates

Long live Rudolf diesel.

Thu, 04/09/2015 - 06:15 | 5974501 eurogold

Genau !

Thu, 04/09/2015 - 07:00 | 5974557 CarpetShag

Before everyone gets their balls in an uproar , check out the real DAX without the dividends:
https://www.boerse-go.de/Index/DAX-Kursindex/Zeitraum/10years/Handelspla...

Thu, 04/09/2015 - 07:11 | 5974566 orangegeek

the planet is in deflation

the planet is in a depression

markets keep going up - and this is issue

Thu, 04/09/2015 - 07:39 | 5974592 Racer

So without the sneaky after the event revision to previous it would have been much worse!

Thu, 04/09/2015 - 08:08 | 5974645 Quinvarius

If you sell stuff and covert it into Euros before the central bankers are finished rigging the price lower, you lose. If you buy things for export from Europe in Euros, before the rigging is finished, you over pay. No sales for you until the dumbass bankers are done screwing with the currency. Every businessman knows this. Central bankers noobs do not.

German Stocks Pump'n'Dump After "Surprise" Industrial Production Plunge

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