The corona virus also has a firm grip on the financial world. There have been massive price drops worldwide on the stock exchanges in recent days. In part, the markets showed a rapid recovery until the next drastic crash came. These short-term and sometimes very strong recovery rallies surprise even experienced capital market experts. Because the basis for these intermediate highs is actually missing. “From a health perspective, it is impossible to estimate how long the coronavirus pandemic will last, so the economic consequences are difficult to predict,” says Monika Rosen-Philipp, chief analyst for private banking at Unicredit Bank Austria. “That’s what makes the stock markets so nervous.”
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