DAX has been trading in the same range for 6 years now, I don't really know why the ECB is trying so damn hard to pump it. I could see deflation being a concern, but trying to pump the market in the middle of a recession is hilarious. You know where the money is going.... US markets, especially dividend paying stocks.
In any case, the European market is now a giant crack whore, needing constant stimulus to pump it in an attempt to reach a high, lol.
By next year, everything will be trading at a P/E of 200 and dividend yield of .5%, lol.
Oh, the whole point was more ECB stimulus next Thursday.
In any case, the European market is now a giant crack whore, needing constant stimulus to pump it in an attempt to reach a high, lol.
By next year, everything will be trading at a P/E of 200 and dividend yield of .5%, lol.
Oh, the whole point was more ECB stimulus next Thursday.
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