Large correction -34% will see investors dumping the FTSEMIB

The FTSEMIB will see a further large correction -34% retracing to FTSEMIB 14200 points. Stocks listed on the index have small capitalization, low dividends and awful Returns. The Italian economy could be tipping into a Recession in future, thereby lowering growth prospects, stock returns and profitability.
FTSEMIB chart on a larger time scale, already highlights an ongoing drawdown in the index, with an Inverse Cup & Handle pattern, that will continue with a further -34% drawdown onto FTSEMIB 14200 points.