German Election

Amnesiac · Sep 18, 2005

Quote from fader:

what is this site pls? (i don't speak German) - these indications don't look right...

It's the site of Lang&Schwarz a german broker firm. They offer trading of german stock after exchange close and on weekends.
That's why during those times they have a DAX (not FDAX!) indication on their site, after which they quote all the stocks you can trade there.

Just ignore the other smaller number, that's the indication for the TecDax, a wannabe german-nasdaq.

The indication may be a bit exaggerated today, but usually it's pretty close to the opening price on the next morning.
I think the DAX is more likely to open at around 4950 but might test the resistance at 4880-4900 shortly after that.

People over here are really not happy with the uncertain outcome of the election.

sputdr · Sep 18, 2005

DAX IST KAPUT

riskarb · Sep 18, 2005

Selling the index spreads looks like a layup to me. FTSE -3? WSI -17?

uninvited_guest · Sep 18, 2005

Quote from Cheese:

Less than 50% of the krauts came out to vote.

Yahoo quoted 80%

karabugla · Sep 19, 2005

Quote from sputdr:

DAX IST KAPUT

Make it KAPUTT.

SethArb · Sep 19, 2005

anyone of you DAX OR german speaking

Xetra traders tell me how one finds out

the breadth of issues trading during the day?

( i.e. stocks up on day vs down on day ) ?

fader · Sep 19, 2005

thx Amnesiac, useful info.

Quote from Amnesiac:

It's the site of Lang&Schwarz a german broker firm. They offer trading of german stock after exchange close and on weekends.
That's why during those times they have a DAX (not FDAX!) indication on their site, after which they quote all the stocks you can trade there.

Just ignore the other smaller number, that's the indication for the TecDax, a wannabe german-nasdaq.

The indication may be a bit exaggerated today, but usually it's pretty close to the opening price on the next morning.
I think the DAX is more likely to open at around 4950 but might test the resistance at 4880-4900 shortly after that.

People over here are really not happy with the uncertain outcome of the election.

sputdr · Sep 19, 2005

Looks like nothing can break the love affair with this mkt.

I thought the election being pretty much the worst possible result would do it but nope.

doublechin · Sep 19, 2005

The bar.cap. and jpmorgan reports on friday stated that the european indices were still looking cheap especially compared to across the pond. Looks like they thought Christmas had come early when they opened down there, lift lift lift!

areyoukidding? · Sep 19, 2005

Quote from sputdr:

Looks like nothing can break the love affair with this mkt.

I thought the election being pretty much the worst possible result would do it but nope.

The markets are stong China and India are growing and that helps the West because the whole world is growing. It is not hurting the US and Europe. Change the way you think and you might coin a bit.