European Equity market indices - can they get much worse?

[johnfm]

From circa Jan 2008:

Spain's Ibex was circa 16,000 in 2008. Now at 6700 (down 59 %)

Italy 40,000 to 14,000 ( down 65%)

Greece 5000 down to 600 (down 88%)

Portugal 13,000 down to 4700 (down 63%)

Germany 8000 to 6800 (down 15%)

France 5700 down to 3300 (down 42%)

OUCH - there is a hell of a flight from equity in the troubled Euro states.

Nikkei not looking too hot either.

I am guessing there will be some value to be had tracking some of these indices once the Euro dust has settled.

[johnfm]

It will be an interesting few years.

I can't see Greece bouncing back much TBH - not sure they have the depth of private enterprise to rebound.

Italy will though I reckon.