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“January 1st this year, we broke out. So we broke out of a…” — Bloomberg Surveillance at 27:27

“January 1st this year, we broke out. So we broke out of a 10-year downtrend. Nobody ever wanted to talk about Europe's cheapness before. Now it's the first question you asked me. We broke out, and history suggests when we break out like this, we will keep going to single-digit levels of discount versus the U.S. So…”

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