December 1, 2020

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Salamicrash hits the stock markets worldwide: Corona, Trump and Brexi …

Salamicrash hits the stock markets worldwide: Corona, Trump and Brexi ...

These are scary days for the small investor. The Bel-20 entered the Deepik for the third time in a row yesterday and is now about 500 points below its last high on July 21. “The typical example of a salami crash spread over time, the ingredients of which have been known for some time,” says Koen De Leus, chief economist at BNP Paribas Fortis.

Just as a cup of salami makes a slice of salami smaller, a salami crash also gradually affects the investor. “If the stock market falls by about 15 percent in a day, two or three …