Yellen Kills The Music, Says “Equity Valuations Are Quite High”, Sends Dow Red For 2015

Wednesday, May 6, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
05/06/2015

Back in July 2007 Citi’s then CEO Chuck Prince, a little over a year before his bank received a gargantuan government bailout said “as long as the music is playing, you’ve got to get up and dance.” Moments ago Janet Yellen just killed the music: YELLEN SAYS EQUITY MARKET VALUATIONS QUITE HIGH

Or, paraphrased, the $4.5 trillion balance sheet the US created, and the $22 trillion in assets purchased by global central banks to keep the dream alive, has lead to “quite high” stock prices.

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter