Financial analysts believe that in times of crisis it is better to find the values ​​most valued and avoid titles massacred. In 2012, the stock market performance will depend above all the growth potential of each company. the economic prospects for 2012 are unfavorable to the euro area might know a few consecutive quarters of recession. To find growth, we must turn to United States and especially to emerging countries. No signal recovery in activity in Europe or incipient resolution of the sovereign debt crisis, it is better to focus on companies that have both a strong brand and a strong international presence. Conversely, this means that the values ​​should be avoided too sensitive to changes in the economic cycle.

In times of financial crisis and low economic growth, do not fall into the trap of searching for underpriced securities or provide a high yield. European values ​​of the Euro Stoxx 50 index are considered with cheap valuations located around nine times earnings expected for 2012, but this does not mean that they are the strongest rebound. Investors fear a worsening economic climate and further downward revisions of the results, will continue to turn away from these values ​​for the simple reason that they do not provide sufficient growth prospects.

Remaining banks, which largely depend on the evolution of the index because of their weight in the CAC 40. The commitment of the ECB to provide all the cash they need for the next three years a rule of their biggest problems, because without the ability to refinance their survival was threatened. It remains to address the issue of strengthening their capital and that of their vulnerability to sovereign debt in the euro area. All positive steps in this direction will lead to a strong rebound of all values ​​banking and insurance in the coming months.