Congratulations German goverment for dumping their bag at the top.
yeah the top of the last cycle. but not the top of this cycle
When was the last time a government sold something at the top?
That would be never, I surmise.
Look at Japan, though...it seems like they never truly believed in any recovery...lower than 1989 again, and by almost 20% at that.
Imagine US markets with SP500 at 4600 in the year 2059-that's what the equivalent would be.
A generation that saw no gains on the stock market.
I wonder who even invests in stocks in Japan..the "animal spirits" must be very low.