The Bear Market Party Welcomes Germany, Europe, Which Join China In The "20% Correction" Table

Last night it was the world growth dynamo (China), now it's Europe's growth dynamo (Germany): DAX (and STOXX) both enter bear market territory (20% correction) following the Shanghai Composite. The entire world is on its way to the 25% correction we said is inevitable before QE3 is started.

DAX:

STOXX: