The tumbles shown by certain stocks since the beginning of the year are dizzying.
Unibail Rodamco Westfield (URW) lost 76% of its value.
Societe Generale gives up more than 65%, Airbus around 55%, Renault almost 50%, Crédit Agricole and BNP Paribas around 40%.
Safran, Total, Axa or ArcelorMittal have dropped between 40% and 30% since January 1.
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These companies have in common that they have been hit hard by the health crisis.
Banks have to deal with rates close to zero that eat away at their margins.
Real estate companies specializing in shopping centers and offices, such as URW, are facing a transformation in habits with the explosion of online commerce and teleworking.
Aeronautics and the automotive industry are victims of the global economy being sealed off for months and a recovery that promises to be slow and laborious.
On the stock market, all these values have slipped into what financiers call the universe of "values",
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