DAX-Sentiment: Death by Profit-Taking

14. March 2013 by Gianni Hirschmüller

13 March 2013. FRANKFURT (Börse Frankfurt). ‘Nobody ever died from profit-taking’ was an old market chestnut we heard last week for the first time in at least six months. Certainly, its revival had something to do with the DAX index reaching the 8,000 mark for the first time since 2008. For seasoned investors in German blue-chips this was quite an achievement and an invitation to profit-taking that was difficult to refuse. However, the adage about death and profit-taking is not strictly true: investors suffer as a result of profit-taking all the time. One only needs to look back on the behaviour of the German institutional investors on Boerse Frankfurt’s sentiment survey panel over the course of last year to see just how much damage profit–taking can do…

Read more at Boerse Frankfurt’s website

Share to Facebook
Share to Google Plus

Related Posts:

vposted on 14. March 2013 at 9:01 am

Recieve new post updates: Entries (RSS)
Recieve follow up comments updates: RSS 2.0

No comments yet. You should be kind and add one!

Leave a Comment