Stocks Slammed After Fed Williams Warns “Market Rally Running On Fumes”

While the old saying is “they don’t ring a bell at the top,” we suspect Fed vice-chair Stanley Fischer just came as close as one can without screaming “sell.”
It’s getting clearer that Fed officials are getting concerned about where asset markets are going.
*FISCHER: ‘NOTABLE UPTICK IN RISK APPETITES’ IN ASSET MARKETS *FISCHER: EQUITY P/E RATIOS ARE NEAR TOP OF HISTORICAL LEVELS

This post was published at Zero Hedge on Jun 27, 2017.