### Comment:
He is talking about trying to make an 'elephant-sized acquisition'. You think that is accomplished in less than month? 
  
 Regardless, if the companies had 'sky high valuations' in 2017 which prevented him from making such an acquisition, why would returning to the same prices a year later not still be 'sky high valuations'?

### REPLY:
Because in the interim earnings have increased? So he is bullish on US but waiting for another 2008.

### END.