{"id":2696,"date":"2013-01-26T15:29:17","date_gmt":"2013-01-26T14:29:17","guid":{"rendered":"https:\/\/blog.malik-management.com\/?p=2696"},"modified":"2013-01-26T15:29:17","modified_gmt":"2013-01-26T14:29:17","slug":"anfang-oder-ende-der-krise","status":"publish","type":"post","link":"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/","title":{"rendered":"Anfang oder Ende der Krise?"},"content":{"rendered":"

Die n\u00e4chsten paar Wochen werden spannend. Mit hoher Wahrscheinlichkeit werden sie die Entscheiung zwischen Bulls und Bears bringen; zwischen\u00a0\u00a0„… nun da die Krise endlich vorbei ist … „<\/em> und umgekehrt “ … nun da die Krise erst richtig beginnt …“<\/em>
\nMeine Auffassung ist: Sie beginnt erst richtig …
\nIm Folgenden ein paar Ingredienzen der aktuellen Situation:<\/strong>
\n– Die Stimmung an den B\u00f6rsen ist fast auf einem „All Time-Hoch“;
\n– So sind es auch die Kurse an vielen M\u00e4rkten;
\n– Banken beginnen ihre Kredite an die Notenbanken zur\u00fcckzuzahlen;
\n– Die Margins (Trading-Kredite) sind im Verh\u00e4ltnis zur Marktkapitalisierung auf dem h\u00f6chsten Stand seit 1929;
\n– Die Funds haben rekord-niedrige liquide Mittel, weil sie voll investiert sind;
\n– Die Fund-Outflows sind aber auf H\u00f6chststand, weil das Publikum Mittel in H\u00f6chst-Volumina abzieht;
\n– Insider grosser Unternehmen verkaufen im grossen Stil Aktien ihrer eigenen Firmen; auf die zehnTop US-Companies kommen mehr als 1’500 Verk\u00e4ufe auf einen Kauf; Microsoft, Google und Oracle sind bei Weitem an der Spitze der Insider Sales;
\n– Die Analysten hingegen geben Kaufsignale auf „Teufel komm raus …“.
\nViele Medien verbreiten Optimismus. Verst\u00e4ndlich, denn man kann die Signale als superbullisch deuten. Meine Auffassung ist genau umgekehrt. Die meisten dieser Signale sind Anzeichen daf\u00fcr, dass die M\u00e4rkte \u00fcberf\u00e4llig sind f\u00fcr die n\u00e4chste Talfahrt.<\/p>\n","protected":false},"excerpt":{"rendered":"

Die n\u00e4chsten paar Wochen werden spannend. Mit hoher Wahrscheinlichkeit werden sie die Entscheiung zwischen Bulls und Bears bringen; zwischen\u00a0\u00a0„… nun da die Krise endlich vorbei ist … „ und umgekehrt “ … nun da die Krise erst richtig beginnt …“ Meine Auffassung ist: Sie beginnt erst richtig … Im Folgenden ein paar Ingredienzen der aktuellen Situation: – Die Stimmung an […]<\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[144,148,153,158,164],"tags":[],"class_list":["post-2696","post","type-post","status-publish","format-standard","hentry","category-deflation","category-finanzmarkte","category-krise","category-neue-losungen","category-oekonomie"],"acf":[],"yoast_head":"\nAnfang oder Ende der Krise? - Malik Management<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/\" \/>\n<meta property=\"og:locale\" content=\"de_DE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Anfang oder Ende der Krise? - Malik Management\" \/>\n<meta property=\"og:description\" content=\"Die n\u00e4chsten paar Wochen werden spannend. Mit hoher Wahrscheinlichkeit werden sie die Entscheiung zwischen Bulls und Bears bringen; zwischen\u00a0\u00a0„… nun da die Krise endlich vorbei ist … „ und umgekehrt “ … nun da die Krise erst richtig beginnt …“ Meine Auffassung ist: Sie beginnt erst richtig … Im Folgenden ein paar Ingredienzen der aktuellen Situation: – Die Stimmung an [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/\" \/>\n<meta property=\"og:site_name\" content=\"Malik Management\" \/>\n<meta property=\"article:published_time\" content=\"2013-01-26T14:29:17+00:00\" \/>\n<meta name=\"author\" content=\"Fredmund Malik\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Verfasst von\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fredmund Malik\" \/>\n\t<meta name=\"twitter:label2\" content=\"Gesch\u00e4tzte Lesezeit\" \/>\n\t<meta name=\"twitter:data2\" content=\"1\u00a0Minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/\"},\"author\":{\"name\":\"Fredmund Malik\",\"@id\":\"https:\/\/www.malik-management.com\/de\/#\/schema\/person\/91fa82099f35691c4bab52d1f1a81a75\"},\"headline\":\"Anfang oder Ende der Krise?\",\"datePublished\":\"2013-01-26T14:29:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/\"},\"wordCount\":222,\"commentCount\":31,\"publisher\":{\"@id\":\"https:\/\/www.malik-management.com\/de\/#organization\"},\"articleSection\":[\"Deflation\",\"Finanzm\u00e4rkte\",\"Krise\",\"Neue L\u00f6sungen\",\"\u00d6konomie\"],\"inLanguage\":\"de\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/\",\"url\":\"https:\/\/www.malik-management.com\/de\/anfang-oder-ende-der-krise\/\",\"name\":\"Anfang oder Ende der Krise? 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