[caption id="attachment_504" align="aligncenter" width="500" caption="Volkswagen (XETRA)"][/caption]
The volatile market these days... it's just difficult to comprehend. Until now!
From [Financial Times], > VWÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s share price rose 82 per cent to > ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬945 following MondayÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s 147 per cent > jump, leaving it with a market capitalisation of about > ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬287bn (\$370bn), making it the worldÃƒÂ¢Ã¢â€šÂ¬Ã¢â€žÂ¢s > second-largest company ahead of Wal-Mart, General Electric and > Microsoft. To put this into perspective, at the low on Friday, VW's market capitalization is about ÃƒÂ¢Ã¢â‚¬Å¡Ã‚Â¬60 billion. By the high of Tuesday, VW is worth almost 5 times that on paper! The epic scale of the money flow is just mindboggling. I think they should change their symbol from VOW to WOW!
Porsche today offers to sell 5% of its VW shares to ease the buying pressure.
This reminds me of a well known observation. In a bull market, shares rise slow and tank like a tombstone. In a bear market, shares fall slow and rocket up the sky.
As I've said a few times, we are making history these days. And if this current rally do follow through, this could very well be the "event" noted in history book which people will mark at the bottom of the 2008 financial crisis.