Nearly 5 months of 2016 have passed and, after flirting with the 10,000 level, the Ibex 35 index closed at 8,700 last week, accumulating a 9% drop over the year so far.  This shows that the stock market has become the most reliable expression of the lack of confidence in the world of money, although confidence is a concept which is too intangible and a mix of factors which are often not very solid.