By the way, here a fact, how irrational the market is:
Paul Krugman, Prof. at Princeton University for Economy about Economy influeced by Trump as President:
November,9th
" .. looking at global recession with no end in sight.."
( http://www.irishtimes.com/news/worl...obal-recession-with-no-end-in-sight-1.2861030 )
November,14th
".....In fact, don’t be surprised if economic growth actually accelerates for a couple of years...."
( http://www.nytimes.com/2016/11/14/opinion/trump-slump-coming.html?_r=0 )
Thats really not healthy. In no way thats healthy. Which data changed? First, what Trump said was the same on November 9th and November 14th. Even the same like on November 8th,7th,6th,5th ..... November 2015.
Here are so extrem irrational changes of expectation. While same data. I can`t take Market for seroius at present.
At first, expectation was worts case - now it is best case. Even Trump is really trying his best - he can´t fullfill. Market is acting like a wonder happend, and exactly that is what they expect. The day Market wakes up - could be ugly.
(Look for example at Covestro. New at MDAX. Nearly 1 year. For sure, was promising. But look at Price action. From 25 Euro to 63 euro. In my opinion not healthy.)
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