Illusions continued – France’s CAC-40 is same level it was 19 years ago

In a continuation of my thinking that the “great bull market” is yet to happen…..

The chart of France’s CAC 40 shows that its trading at the same price it was in 1999, 2001, 2006, 2008, 2015 & 2017.

Many global indices are trading at the same price they were 10 or 15 years ago.

August 16, 2020
by Rob Zdravevski
rob@karriasset.com.au