In this scheme Stalin was a particular problemThe title ends the year on an increase of 16In other words a failure of the negotiations with the unions is not fatalNo question as to abandon its industrial property3 times its estimated profit 2007 against 14The British plan gives 9 solvency ratios banksIn d'Azur a client empty its accounts and booksIt recognizes the feelings but they are usedThe fall of the European currency continuesTo be wanting that can prevent says conventional wisdomHesitant, wait, cautious, or even worried. The qualifiers are to express the reservations of the French on the stock market. The sharp drop in the market seems to again discouraged potential investors, as shown in the TNS Sofres for the Postal Bank barometer and "Les echos".
While the French CAC 40 lost almost a quarter of its value since the beginning of the year, only 14 of the general public and 28 of the shareholders believe it's a good time (1) to play in the stock market, figures to points low since the launch of this study, in the fall of 2004. A year ago, the rates were 24 and 42 respectively.
This caution is not French: the proportion of respondents finding the appropriate period is also low in Germany (14) and even lower in Spain (9). In these two countries, their number also decreased by half from June 2007.
Personal appetite to the stock exchange confirms this trend. The question: "Personally, the evolution of the stock market over the past months have rather tended to encourage you to buy shares", the French are that 6 answered in the affirmative, is 4 points less than a year ago and 9 points less than in the summer 2005. Among the population of individual shareholders considered more savvy they are only 18. "We today find levels just after the bursting of the bubble of the early 2000," points out Frédéric drifting, Director Board at TNS Sofres. This period is still present in minds, allowing some of relativising the current turbulence. But for others, the distance may be deeper.
This distrust says no doubt that interest in the stock market is progressing with slow: 27 per cent of our compatriots are attentive to the markets and news of the companies, or 3 points more than in June 2007, but less 6 points from January peak, marked by the mediatization of the Kerviel case. The Spanish remains overall less attracted to the financial universe (15) while the Germans are always ahead of the subject (41).
Timidity
However, the timidity of the French is not expressed only in respect of the financial markets. The trend to the wait of the last half is confirmed. "For most investments, whether for the purchase of a car or real estate, the context is the worst since the creation of the barometer", notes Michaël Pergament, responsible for the study in TNS Sofres.
The stone seems to have lost a lot of its appeal. For a very large majority of the French, the period is not conducive to the purchase of a home secondary school (for 81 against 77 in January), investment in rental real estate (69 against previously 60) or the acquisition of a principal residence (68 versus 63). Over a year, differences are even more marked: in June 2007, they were only 49, for example, to find the wrong timing for the acquisition of his house.
Since 2004, the risk attached to the stone increased trend. Even if real estate is a value-haven actions unlike, they are less likely to classify real estate in the "non-risky investments.