Did you worry about 10-year highs latetly?
Given the circumstances, I guess you did not. We have a EURO-crisis just in front of us. EZB is throwing paper on us and calling it money. US is not growing fast enough, so the FED opted for QE3. Emerging countries growth rates disappointed lately. And in China 1/3 of the public listed companies reported negative cash results for Q2 2012.
Sounds like a vibrant economy.
So, how many of the DAX30 companies are close to 10 year-highs today?
How many of the DOW30?
How close are DAX30, DOW30 and S&P500 to 10 year-highs? 10 %? 25 %? 50 %?
Adidas - Basf - Bayer - FMC - FMCE - Henkel - Linde - SAP - VW ... why are they all close to 10 year highs?
Disney - Home Depot - Honeywell - IBM - Verizon - WalMart ... why are they all close to 10 year highs?
Reality Check!
It's more important to know where the market moves then why the market moves.
I wonder whether it's possible to adequately explain the WHY at the moment...
ReplyDeleteWhy does the sun rise in the east and fall in the west? Couldn't it be just the other way around?
DeleteStill - it does not matter in order to find your way.