Bear Market in German's DAX Index, off 22% currently, leads SPY
The DAX has peaked before the SPY (blue line) in the two big bear market drops of 2000-2003 and 2007-2009.
And the DAX peaked first in this recent peak and bear market, off 24.7% at the lows and off 22+% now.
The US market is nearly 90% correlated to the DAX, but the DAX has had deeper corrections. You can see all of the bear markets on the chart. They are labeled in red areas.
What is the odds that the German market (DAX) will be higher in 6 months from now? Reply with your opinion.
Cheers.
Tim
And the DAX peaked first in this recent peak and bear market, off 24.7% at the lows and off 22+% now.
The US market is nearly 90% correlated to the DAX, but the DAX has had deeper corrections. You can see all of the bear markets on the chart. They are labeled in red areas.
What is the odds that the German market (DAX) will be higher in 6 months from now? Reply with your opinion.
Cheers.
Tim
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