as long As one has not sold, it has not lost ! It is thus that many investors find solace in the face of the collapse of financial markets. Since 19 march, the CAC 40 fell by more than 30 %. A crash as the Fellowship experienced in 1929, 1987 or 2008. “ A decrease of 35 % of the assets corresponds on average to the stall observed when markets are highly bearish. The essential difference, and it is of size, is that this movement is performed in a month, whereas usually these trends have taken place over a period of a year and a half, succession Jean-Jacques Friedman, director…