All in all, the dax have been sporting a 15 % rally during the summer, so all considered, a 1-2 % down reaction is interestingly mild - crude on top
Check out CEE the central european fund. I would expect a mass exodus from Germany into poland, czech and other less socialist Eastern European countries.
This should tell a story. CENTRAL EUROPE & RUS (NYSE:CEE) Delayed quote data Last Trade: 44.23 Trade Time: 4:00PM ET Change: 1.95 (4.61%) Prev Close: 42.28 Open: 42.70 Bid: N/A Ask: N/A 1y Target Est: N/A Day's Range: 42.70 - 44.46 52wk Range: 23.05 - 42.28 Volume: 70,400 Avg Vol (3m): 43,944.6 Market Cap: 451.01M P/E (ttm): 6.83 EPS (ttm): 6.48 Div & Yield: 0.17 (0.40%)