Not out of the woods just yet….
Taking a quick look at the German Dax index, .the barometer for the German stock market has been tumbling along with the global stock markets over the last few weeks. Yesterday, the index completed a lap for the year. The low for the year reached 9382.82 back on January 6th. The low yesterday extended to 9338.20. The lap was completed and in the process the index fell over 24% from the highs. Ouch! That is one bad trade to swallow for those investors!