Fed Warns Stocks Are “Vulnerable”, Forward Valuations “Well Above” Norms
by Tyler Durden
ZeroHedge.com
Jun 21, 2016
In what we are sure will be aggressively spun by the mainstream media, The Fed’s full monetary policy report dropped a notable tapebomb this morning…
*FED: STOCKS’ FORWARD P/E RATIOS WELL ABOVE THREE-DECADE MEDIAN
*FED: STOCKS VULNERABLE TO A TERM PREMIUM RETURN TO NORMAL
Remember, “don’t fight The Fed” unless of course she says “sell.”
The Rest…HERE