Several France company had enjoy massive stock gains since beginning of the year while US companies had layoff hundred of thousands tech workers. However this will not last long, as France money supply has been tightened since beginning of the year. CAC40 index shows that current run up in France stock is mainly driven by run up in US stock, which is not make any sense at all while the European economy were driven by ECB money printing machine. As long as ECB is reducing the available Euro money supply from the economic system, European economy will be in dire situation. France will be impacted as well and the money supply chart for CAC40 shows that it is on the brink of 25-30% correction as a whole. Note that some overpriced companies may crash more than the index. The stock crash will be followed by mass layoff in the next 3-6 months just like what happened in the US this year.