DAX, the German main stock index, fell on the 2nd lockdown in October but quickly recovered in November 2020. Elle made use of this movement, both achieving her target rate of return and beating the DAX. Continue reading "JuniorDepot28 – Catching-Up the Target CAGR and Beating the DAX"
Month: November 2020
Pfizer/BioNtech and Covid-impacted stocks on 9/11/2020 and afterwards – yet another market irrationality
A pig will find the dirt (Russian proverb). The market will find reasons to grow. To fall as well. It is worth documenting (and periodically recalling) what happened on 9/11/2000 (as well as shortly before and after this date).
In the end of October the German market was not in the mood, upset by the 2nd (partial) lockdown. However, after a healthy DAX correction, the greed got started to dominate again. On November the 9th two really(?) good news arrived: first the preliminary victory of Joe Biden, followed by 90% efficiency of Pfizer/BioNtech vaccine.
Continue reading "Pfizer/BioNtech and Covid-impacted stocks on 9/11/2020 and afterwards – yet another market irrationality"