DAX-Sentiment: An Urgent Need to Buy

14. February 2013 by Joachim Goldberg

DAX investors give up on ‘big’ correction

13 February 2013. FRANKFURT (Börse Frankfurt). A little less than two weeks ago investors took fright in response to the latest developments in the eurozone. Reportedly, their concerns centred on upcoming elections in Italy, a scandal and the prospect of elections in Spain, and a lack of EU agreement about a resolution for Cyprus. All of those things added up to a meaningful risk of a revival of the entire eurozone crisis. We suspect that the unspoken reason for investor nervousness was the German benchmark’s January rally to multi-year highs. However, “too far, too fast” does not carry as much weight in strategy meetings as “political risk in three eurozone countries.” Either way, many members of Boerse Frankfurt’s sentiment panel quit the bullish camp moved into the ‘unchanged’ camp; most of them were former bulls

Read more on Boerse Frankfurt’s website

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vposted on 14. February 2013 at 9:30 am

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