Couldn’t find good long-term data for the Italian stock market. The price action going into 2000 is clearly an upwards correction. Since 2000, the MIB has traced out a Simple Flat, follow by a triangle B Wave and the ensuing Super Cycle C Wave is going to be brutal. 'Italy' will cease to exist as a political entity by mid-2020…
'Italy' has always been desperate to find their ‘Prince’. A good guy who could beat the corrupt villains at their own game, and a champion of the people. This current Band of Merry Socialist Villains are not it. Socialists invariably con the people out of their money with promises of shared wealth and equality. The Socialist politicians embezzle the wealth and the people share equally in misery.
'Italy' needs a hard-core economic reboot. Close the insolvent banks, disavow the unpayable government debt, issue a sound Italian Lira based on PM’s backed by 'Bill's of Exchange, kick out trifling foreigners that bring nothing of value to the country, and raise troops because you are going to have to defend your borders…