FRANKFURT (DEUTSCHE-BOERSE AG) – The rise in the DAX without pause for breath over the course of the week has put the bears in a tight spot. For Joachim Goldberg, it is a favorable starting point for further records.
December 5, 2024 FRANKFURT (Goldberg & Goldberg). A sentiment week of DAX superlatives lies behind us. Three new all-time highs and breaking the 20,000 mark for the first time alone. And we are talking about a price increase of 4.9% since last Wednesday, without any major setbacks. For all those, including many private investors, who have held on to their long positions over the past few months, this is probably a celebration.
In contrast, institutional investors had less reason to rejoice. The sharp rise in the bear barometer of more than 1,000 points at times (calculated from the weekly low) since our last sentiment survey must have been particularly painful for the bears who only joined the market in the…
