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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 widened dramatically in the last year or so, perhaps signalling just how "high" valuations are in stocks...
Yellen "no comment" on Biotechs... but "market valuations on the high side."
And Corporate bond spreads are unusually low... which is odd given this...
But then again, why not just keep lying - its worked for the last 6 years.
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Woody Yellen is speaking re FOMC minutes:
http://en.wikipedia.org/wiki/File:Woody_Allen_-_Kup.JPG
I watched for 15 minutes. She is just a puppet, and a shitty liar to boot. They put her in this position because she is an old, doddering woman and they are hard to beat up.
She lies, and it shows. The desparation is getting palpable. Whoever runs her knows they have lost control.
2 standard deviations above average is 'on the high side, but not outside of historical norms.'
i guess we'll have to see DJIA/NDAQ/SPX at 20000/6000/2500 before they breach 'historical norms.' that or earnings collapses.
Great overview of how we got here, starts slow but great read:
http://debtcrash.report/entry/history-and-introduction
speaking out both sides of her hair clam shell
'They put her in this position because she is an old, doddering woman and they are hard to beat up'...
Pathetically sad. And soberingly True.
Yellen nearly spoke of "irrational exuberance."
NOT. Buy Snapchat.
of course she sidestepped the question as best as she could, because any wrong word, and the algos may have taken it and knocked down the ''market'' a few pts, which is a big no no.
Just tell us what the price should be so we know if we should stay in or sell.
Should be out long ago.
How it all ends:
"This is my cat, Mr. Fluffy Sprinklekins. He tells me when it's time to raise rates. Isn't that right, precious? Yes it is, yes it is. You're such a good monetary policy cat. Yes you are, yes you are. Mamma loves you very much. Yes she does."
Market drops to zero.
Don't fucking doubt me on this shit. I know what I'm talking about.
even more appropriate: headless chicken interest rate setting mechanism
https://www.youtube.com/watch?v=wz-PtEJEaqY
Chicken entrails, especially the liver, or chicken behaviour were used by the Roman 'augurs', prophets to tell the future.
Claudius Pulcher, consul and arrogant head of the arrogant Claudain family was consul in 260 BC -1st Punic war-and was the admiral of the Roman navy before a major battle with the Carthaginian navy he used chickens to foretll the omens. If chickens eat it is a good sign, if they did not, that was a bad sign. On this particular morning, before the batlte, the chickens would not eat, the augurs proclaimed a, 'bad omen': Claudius, impatient, picked up the chickens threw them overbosrd declaring," If they won't eat, let them drink"!!
Claudius proceeded into the battle in a bay with the wind, weather against him (as well as the ominous chicke behavour) lost 200 ships in the worst Roman Navy loss ever in their history.
if you want to send questions or comments to Fluffy or Janet, i can be reached at janet@clintonemail.com
nasdaq 5k. dow 18k. and the world is fixed again. yeeee fucking hawwwwww.
You forgot the S&P at 2100.
Seriously, is this a fucking joke? The S&P has shot up almost 50 points verticaly and still going up without even the slightest of retraces? Are there humans trading this market or is the joke on me?
Skynet already became self-aware a long time ago. Didn't you watch "Terminator"?
Yes, but it seems here we have the worst of both worlds. At least in Terminator when the machines became self aware they started killing off humanity. Here we have the damn machines and the stupid humans. The only things these Terminator machines are good at exterminating it seems are short sellers.
"The only things these Terminator machines are good at exterminating it seems are short sellers."
Working well within design parameters.
Patience removal doesn't mean impatience, just as not saying "yes" doesn't mean "no", but could mean "maybe" - which doesn't necessarily mean "perhaps" because it could mean "no" or "yes" depending upon the cycle of the moon and the width of a moth's proboscis in a March with a blue moon at high tide with Aquarius rising - which leaves us with "no to impatient patience", and "yes to patient impatience", and "maybe a little of both" - is that clear?
No rate hike for 2015, DOW to 20,000.
There's a word for that: transparency.
Let's get real here. The Fed will not let stocks drop because it it is the only way to pretend their monetary transmission channel is not broken in light of the velocity of money declining or stagnant at best.
Stock market valuation vs. The Mountain of Negative News
Fucking bonds will tell. At least I hope so. When do the Euros start snapping anything of value up?
The federal reserve's balance sheet has expanded by $45 billion since QE3 "ended" in October. They are still purchasing bonds despite their lies to the contrary.
ZH should be forced to add a disclaimer to their articles stating: "If you act according to what we say, your survival rate in the markets and in generall will go to zero faster then otherwise"
They do...BTFD
Show me one article where the Hedge ever told you to sell.
crap.
can hardly wait for negative GDP and DOW 50000...and labor participation of 10% with a negative 25% interest rate....when is this joke going to end
Its amazing what printing money does.
S&P 4000 will look cheap when the US 10 goes neg -1%.
go long on unicorn vomit
Fuck you fuckers!!!!
They are not stretched in the slightest - they are detatched from reality.
Valuation no longer applies - never did really except as a concept.
Data is fabricated.
We declare war at will and assasinate and torture and spy on essentially everyone, all of the time.
Its hard to know where to find fault.
IT'S A MADHOUSE!
https://www.youtube.com/watch?v=VFCM6TZgTMI
The commie Apes win.
From my cold dead hands!
DC has turned into Ape City.
One thing I do not get....in order for the"markets " to go up someone has to sell. Who in their sheeple mind would sell? Retirees? Taking profits is for wimps.