March for a better tomorrow

French austerity

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..

 

CAC 29-08-13 2000-2013

The pattern in the CAC is very similar to the Eurostoxx 5o. For more information on that index please see Eurozone Crisis