Thursday March 18, 2021
A year of economy in lockdown
From stock market crash to soaring
The pandemic destroyed and re-created wealth on the stock exchanges, destroying the lifelong dream of thousands of entrepreneurs. Millions of jobs made insecure and Germany's solid state finances shaken. Amongst other things. One year after the start of the previously unthinkable, a state-ordered shutdown of large parts of the economy, ntv.de takes stock in the spotlights. The first episode is about millions of newcomers to stocks and ntv stock market veteran Frank Meyer.
A virus is raging around the world, the economy is turned off again with every wave, but the stock exchanges are celebrating records: the S&P 500 has gained 75 percent in the past eleven months, the Dax around 65 percent and the Nasdaq-100 even 90 percent. The market saw a real corona crash in March 2020 – exactly a year ago: "I've never seen a day loss of 1277 points like on March 12th. It was said: Just get out!", Looks ntv stock market reporter Frank Meyer back.
"It was a mystery to me that it took the stock market so long to understand the effects of the virus," says Meyer about the first phase of the pandemic. "You really felt like a black painter or someone with a full-blown denial of reality." When the central banks took out their bazookas, he was frightened. "The lockdown came, the stock exchange hall emptied and the click on the Dax board was louder than the trade itself. And the Dax kept rising."
These bazooka trillions will generate inflation, Meyer thought even then. Exactly these fears will be traded on the stock exchange in spring 2021.
For the first time, this stock market boom is being driven by a new generation of investors. Never before has the number of young investors soared as in this pandemic. According to the Deutsches Aktieninstitut, the number of shareholders skyrocketed by 2.7 million last year. Every sixth person in this country owns stocks, funds or ETFs. It was last in 2001. Especially the group of under 30s was very active in the Corona year. Almost 600,000 young adults dared to step onto the stock market – that is an increase of almost 70 percent compared to the previous year.
More about a world of the stock market that seems to be out of joint:
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