Buy signal confirmed.
(Reading time: 3 - 6 minutes)
A month ago - at around 14,800 points in the DAX and 23,800 points in the MDAX - we wrote here:
"A good acquaintance once said: the worse an investment feels at the moment you buy it, the better its long-term prospects. Voilà. Here we are. It actually feels very bad to invest more heavily in German equities right now. The "sick man of Europe" is in recession, the DAX has been trending downwards for weeks and the shares of small and medium-sized companies in particular have fallen massively in value. Nevertheless, the private wealth stock market indicator is giving an initial buy signal. The specific equity allocation suggested by the stock market indicator will be increased to 100 per cent of the individually planned equity allocation."
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