March for a better tomorrow
The French CAC40 peaked in March 2000. Since then it has been in one long downtrend. Social mood is already quite negative with unemployment above 11%. We expect wave C down to continue which will bring prices much lower than the March 2003 low of 2,500..
The pattern in the CAC is very similar to the Eurostoxx 5o. For more information on that index please see Eurozone Crisis