DAX Germany Weekly Chart All-Time Record Highs

The DAX has gone parabolic as a result of the obscene ECB QE Keynesian spending program. Traders have rushed into the DAX anticipating the ECB's easy money and the QE purchases began this week. From the 8350 low in October, the DAX is up over +41% above 11.8K. It is absolutely shameful since the move has nothing to do with fundamentals and instead everything to do with money printing. The wealthy, that own stocks, benefit greatly, while common folks that do not own stocks, are left behind.

The rich have no allegiance to the long side so once the party ends stocks will be thrown overboard and the wealthy will enjoy their winnings for the rest of their lives. The next economic and market downturn, however, will only crush the middle class, poor and disadvantaged to a greater extent than is currently occurring. The grand global central banker experiment is making the rich wealthy beyond their dreams at the expense of common people. Today, Thursday, the DAX is trading flat to lower in early trading retreating from the top channel trend line. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.