CAC is also pretty big and Eurostoxx is the main indicator for us markets, much more correlated. Why let the eurostoxx plummet with the s&p and only hold up the dax in such an obvious manner...
This is completely false, if you are talking about share location, it may be true if you are talking about Siemens income coming from outside EU etc. Only elements in the FESX that are non ECB are Nokia and a handful of tiny Swiss stocks... Haven't looked it up in a while but used to be 35% german 32% frendh 12% spanish 11% dutch 5% nokia rest is swiss italian and alied irish
Wow just looked it up again here is the new weighting... 32% french 27% german 14% spanish 12% italian 10% dutch 4% nokia 1% alied irish
You are correct I was wrong. I was thinking of one of the S&p eurpoean indices, that had had half it weighting from london equities. I had my head up my ass I should've confirmed before I posted. Thank you for the correction. I guess i need to rethink my hypothesis.
No worries..didn't mean to come over as hostile as i did (rereading my own post) DJ Stoxx 50 index (as opposed to Eurostoxx 50) is what you are thinking of. Adios
Seems like after a couple of normal days she is back... Seems like most European indices set new lows and the Dax feels ready to break to the upside.
So has anyone got a theory on the buying yet? Its really really huge. Even though less apparent now with a smaller iceberg its still holding most indices up.
the big question is, where will he close all those contracts... i have no idea... just going long slightly above 7450 and selling around 7457.50, stop 7439.50