The current correction in the stock market one of the most experienced market players worry not: "Following the sharp rise in the DAX was necessary," said Uto Baader, Chairman of the Baader Bank AG in conversation with finanzjournalisten.de. He expects that we will, within twelve months, the old highs in the DAX to see again.
"We expect it to continue with fluctuations goes up - provided that we do not cross political shots," said Baader. With cross shots, he thinks a possible financial transaction tax, as discussed in the policy or a flood of debt crisis, in which Germany would guarantee for all liabilities of the EU countries including France. Baader emphasizes "including France." Major French banks would have to bust his opinion, if Greece had been. Therefore, French President Nicolas Sarkozy had pressed so heavily on a life of Greece.
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