This is to be expected. We can roll our eyes all we want about Yellen talking smack about the market. Last time I checked, she warned that both biotech and tech stocks were overpriced and guess what? They fucking cratered, shortly thereafter. Before that, Alan Greenspan warned of ‘irrational exuberance’, only to see markets roar higher for another two years, until the fucking world almost ended in 2008.
Granted, initially, biotech surged after Yellen’s warning; but eventually, she was exactly right. The Fed have never been known to time markets on the short term basis. So don’t expect any fireworks due to this warning.
She just finished saying she expected moderate growth though. So once the moderate growth happens, then stocks should be fairly priced or even low priced. That’s assuming that she actually believes both this statement and her previous one.
Give her a fleece vest pls
Okay. She certainly deserves one today.
zerohedge.com/sites/default/files/images/user3303/imageroot/2016/06/13/20160615_FOMC1.jpg
[ As we suspect the fed will have to adjust its overly optimstic forecasts ]
If there is a God. Stocks will do whatever the shill frog does not want them too. In other news. Hillary looks worse than Granny lately. Those bags are huge and not normal.
She looks like a snow owl.
Sounds like physical appearance is the main characteristic that ironbird and awanka look at in a presidential candidate– but only if that candidate is a woman.
I guess she must be an incredibly qualified and fantastic candidate, if the only things you can find wrong with her have to do with her physical appearance.
OK frog – because no one has ever made fun of the way that Trump looks….way to bait
Looks like yellen wants to put the market in purgatory. 1800-2100 for yellens entire term.