DAX futures hammered again today

As just noted in the previous update on the FTSE 100, the DAX fell 4.95% by the close on Friday. The index ended the week with a more than 1000 point loss on the day. The DAX closed 1,075 points lower, at 20,641. The rout across the global markets on the Asian opening earlier today saw the DAX futures at one stage price an opening as low as 19,425 at one point. The reader is now alerted to the price point at which the DAX will enter a Bear market. That is a 20% fall from the record high seen earlier this year, at 23,476. That arrives at 18,780 for the index to enter a Bear market. So, we have not got there yet but given the low in the futures earlier and the more than 1000 point fall on Friday, it would seem only a question of time before the DAX might test that level. Right now the DAX surely faces the most uncertain opening ever a little later this morning. The index is currently priced to reopen around 19,505