During one of their gauche summits, the Vice President of the ECB, Vitor Constancio, warned of U.S. stocks being overstretched, implying we’re do for some sort of pullback. Anyone familiar with this term ‘pullback’? He said one of his old man ratios were above historical averages and that if US markets pulled back, it might spread to a global sell off.
Speaking to CNBC, Vitor Constancio said: “Certainly the cyclically-adjusted price (to) earnings ratio in the U.S. is well-above historical averages.”
“We see that some markets are overstretched or at least with indicators that are away above the historical averages,” Constancio told CNBC.
“At the same time we can see that volatility both in the equity and the bond market is very low, which experiences shows in those situations some events may trigger a sudden revision of expectations by investors,” the Portuguese banker said.
Who the hell does this guy think he is anyway? How dare he talk about US markets in such a manner. Doesn’t he know we’re becoming great again, which is why stocks are up? Fucking bastard. I never understood why Portuguese cuisine excluded rice and instead favored potatoes until now. Those fuckers are starched the fuck out and have no zest in their morbid lives.
French’d fry eating bastard.
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Seriously. Fuck that fat Portuguese jellyfish. If he were floating in the ocean, I would run him over with my twin-props.
and all those other EU fancy-boys.
Overstretched? The only such thing is this faggots anus.
CAPE is for fags.
Still shorting the banks with impunity?
“pullback” is a natural birth control method used by certain groups of people who do not believe in artificial birth control .
Glad to help…
Portugal? Really?
They have a central bank? Lol