Posted on 02/05/2018 12:19:19 PM PST by Red Steel
Janet Yellen, whose last day at the Fed was Friday, told CBS that stock market valuations are "high," though she's not sure if they're in a bubble.
The comments came amid an aggressive market sell-off that saw the Dow industrials lose 666 points Friday.
Yellen has ended a 14-year career at the Fed, the last four as chair. ...
Janet Yellen ended her long career at the Federal Reserve with concerns over how high the stock market has surged under her watch.
The S&P 500 has soared 315 percent since the March 2009 bear market lows and about 53 percent since she took over as chair of the central bank in 2004.
Yellen said in an interview with CBS News that market valuations are the source of some concern as she headed into private life following a 14-year Fed career, the last four as the chair. She spoke as the market finally took a breather from what has been a breathtaking move higher, with the Dow industrials falling 666 points Friday. ...
Yellen told CBS that while she is concerned about asset valuations, a drop — she did not specify by how much — "would not unduly damage the core of our financial system."
(Excerpt) Read more at cnbc.com ...
Yellen talking the market down to sabotage Trump while on the way out. Another article I read that she wanted another term.
She was just Whining because she was shown the Door
A Schiller P/E of 33 when 10-20 is the normal range is awfully high. Some return to normal valuations was long in order.
Wow, the markets are getting hammered! I don’t remember seeing anything like this. I’ve lost 5% of my investments in less then a week. I bet it fully recovers by summer though.
Shep gloating at the "utter disaster" so Fox is off for the day.
She is an evil bitch. She did this to Trump as her going away present.
This to shall pass. The fundamentals of the market have not changed, just the idiot who was running the Fed has.
yup- this was planned sabotage all the way...
A Price Correction is long overdue.
The Rent is Too Damn High
auction results in my area..
http://havenarauctioneer.com/Sales.php
Her comments make clear how badly she needed to go.
She was very unprofessional with those comments.
Yellen, Yellen, oh yeah. She was BHO’s Chicago pick to replace that French guy BHO’s union buddies set up using a hotel maid that lied on her refugee application.
I’ve seen it a few times. Normal correction is around 10%.
She’s was useless in her office as Obama was in his office.
seems this is Trump Derangement Syndrome.
The big boys are pushing prices lower to CREATE lower buy prices.
All she said was that the P/E ratios are high, which is true. That’s not a political statement.
She is an evil bitch. She did this to Trump as her going away present.
*************
Agree.
She knows better than to be mouthing off like this.
All she did was note, accurately, that the price/earnings ratio for many stocks are at or near historic highs. What's wrong with telling the truth? Considering the Dow is down almost 1800 points the last two days I'd say she's just saying what many investors already know.
So...she should have lied?
William Blake
She wasn’t talking it down. She was right.
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