No need to wait for the retracement. The CAC closed down 147 points in sympathy with the US markets. Vivendi cleaned house the same day and was down 25% from a price that already discounted a lot of bad news. Europe's rebound should be coming in the morning hope to see V come back with it.
Moody's did downgrade their credit but I think the company is too big for the government and French market to let liquidity issue's to create a fire sale on valuable assets. Any thoughts?