Buy the DAX, it’s going to rally 50%: Analyst

From cnbc.com

Investors who buy the DAX on its recent lows could see the stock index rally 50 percent over the next year, one analyst told CNBC. The DAX has seen a 9 percent drop from its June 20th intraday high of 10,050.98, trading at 9,124.86 this morning, providing a buying opportunity for traders. Wednesday saw the index drop 10.15 percent, hitting a low of 9,030.27 points. "I think quite frankly if you buy the DAX at its low point in the second half of the year and then you sell it at the high point next year I think the difference will be 50 percent," Beat Wittmann, CEO of TCMG Asset Management, told CNBC in a TV interview. ... (full story)