The History of the Modern German Stock Market Index (DAX) "Virus Crashes" shows some important "details" and fundamental problems back in March of 2015 that the SP 500 and USA markets "didn't show" clearly. In Europe the 2020 crash "started" in 2015. However in the America's the "real sign" of a 2020 crash started back in 2018. The problems in 2015 for Germany where "very significant".
If you look carefully at the DAX German Index you can see that the recent 2020 crash is more "continuous" and for sure part of European problem (overvaluation and not good P/E's) that "started" in 2015. (sorry thats not the right word for this)
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