After yesterday’s big sell-off, a lot of people would be wondering if this is the start of something big, a long-overdue correction or a mere short-lived pullback in what has been a very strong bullish trend for the stock markets.
Favourable market conditions, relief on the back of a reduced threat of Catalonian secession from Spain and record low-interest rates and QE combined have all helped to lift the German DAX to a new record level of 13,000 today.
This couldn’t possibly be good for business. We are coming to the point where this group is going to boycott those products and that group is going to boycott these products. I heard Maria Bartiromo say with the decrease in ratings, the advertisers will be paying out less. That’s just the start of it because the horses really got out of the barn yesterday.