that-the-fed

Yellen Admits "Market Valuations Are On The High Side", Adds "No Comment" On Biotech, Social Media Stocks

With a firm “no comment” Janet Yellen shied away from burstng the bubble in “extremely stretched” Biotech and Social Media stocks, but was forced to admit that “overall measures of equity valluations are on the high side.” Then, rather oddly, she notes that The Fed sees unusually low spreads in corporate bond markets… which is odd since they have actually […]

RealClearMarkets – A Stock-Market Paradox? Fed Taper Followed …

The “Fed’s taper decision signals end of era for easy money” blares the Financial Times headline, the day after the U.S. stock market has risen to record levels following the taper announcement. Wasn’t the much-maligned QE that the Fed has begun to taper/reduce supposed to be causing a stock market bubble? So why does starting to take it away trigger […]