Investor behavior has changed significantly. They are increasingly betting on falling stock values. Rightly so, as is currently being shown: the important indices in Germany and the USA have recorded considerable losses in recent months. But how stable is this bear market? A point of contention among experts. Some see the first signs of a turnaround. Others warn and fear a recession.

Friedhelm Tilgen discusses what speaks for and against both views with Volker Meinel from BNP Paribas and the financial expert Egmond Haidt.