The international stock exchanges are in miserable shape.
Share prices fell again on Friday.
Bonds were at multi-year lows.
The yield on the ten-year federal bond rose accordingly to a yield of 2.5 percent.
The German state has not had to finance itself so expensively since 2011.
What is the supposedly safe haven of gold doing in stormy times?
Down 20 percent since March.
Even real estate, after many years of boom, is no longer seen as a safe haven for wealth.
So where does the money go?
Many investors withdraw first and keep the money in the account.
It is quite possible that this will not change until the end of the year.
Many investors have lost courage in the face of the many risks.
The miserable balance sheet for the year can hardly be repaired anyway.
But then the cards are reshuffled.
A look at the financial market history of the past decades shows that a year of losses usually comes alone.
So 2023 will be better again.
Anyone who wants to be there can position themselves now.
Many stocks and bonds are trading at deep discounts.