This Friday may be called Black Friday when it comes to shopping, but Black Friday was canceled in the markets.
The news about the highly contagious new virus variant from South Africa is at the end of a week that was devastating in terms of the fight against corona in Germany.
New highs of new infections every day, booster vaccination chaos and a federal government that is no longer in charge of the reins.
That was too much even for the otherwise lively investors.
The top German index Dax fell by more than 4 percent.
The specter of a new lockdown for everyone did a great job.
Corona resilience
It didn't take too long, however, for investors to shake the horror out of their clothes.
After Black Monday in March 2020, investors have acquired a strong corona resilience.
Completely unaffected by the pandemic, the indices in Frankfurt or New York race to new records every day.
The Dax or the S&P 500 seemed to have had their day as a stock market barometer for the state of the economy.
There were always setbacks, but in many cases it was less about worrying about the crash and more about profit-taking.
At some point this stock market rally has to come to an end.
But she doesn't have that at first.
Even if the setback on Friday was more severe than the previous ones, the long-term trend continues to point upwards.
The economic departments of the banks are preparing their forecasts these days.
A Dax score beyond the 17,000 point mark in 2022 appears anything but reckless, even in view of the current 15,400.
Should there be a lockdown again, the economy will suffer.
But even if not every company makes it, in the end there will be major catch-up effects.
Even the green wave of transformation will not let the virus stop it, investments will come.
And above all stands the European Central Bank, which keeps the money locks open.
Investors celebrate this rain of money.
And above all on the stock exchange.