[skookumchuck]

> What's interesting though is that Germany is an industrial powerhouse compared to the US.

The DAX is up 37% since 2015, the S&P500 is up 74%. (That's as far back as DAX goes on Yahoo finance.)

[jayalpha]

He said industrial powerhouse, not financial powerhouse.

[skookumchuck]

It's not the banking industry that is driving the stock market in the US.

[jayalpha]

Based on P/E ratios, it's not the economy either.