Friday, March 31, 2023

Losses have their good side too

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Even if the most important stock exchange barometer for Swiss shares loses 17 percent within a calendar year, …

The Swiss Market Index (SMI) lost 17 percent in the past year. The worst performance since 2008, when the real estate bubble burst and the financial crisis ushered in.

The “NZZ” speaks of a “pitch black stock market year”. The “Frankfurter Allgemeine” thinks that things couldn’t get any worse in 2023, and the Tamedia newspapers state that the year that has ended “mostly brought losses” to investors.

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