  We analyze the interaction between stock prices of big companies in the USA
and Germany using Granger Causality. We claim that the increase in pair-wise
Granger causality interaction between prices in the times of crisis is the
consequence of simultaneous response of the markets to the outside events or
external stimulus that is considered as a common driver to all the stocks, not
a result of real causal predictability between the prices themselves. An
alternative approach through recurrence analysis in single stock price series
supports this claim. The observed patterns in the price of stocks are modelled
by adding a multiplicative exogenous term as the representative for external
factors to the geometric Brownian motion model for stock prices. Altogether, we
can detect and model the effects of the Great Recession as a consequence of the
mortgage crisis in 2007/2008 as well as the impacts of the Covid out-break in
early 2020
