Fed Chair Yellen Warns of Overvalued Social Media and Biotech Stocks (TWTR), (YELP), (FB)
July 15, 2014 at 14:13 PM EDT
Fed Chair Janet Yellen this morning warned about valuations in the stock market, saying that stocks in social media and biotech sectors appeared “substantially stressed.” In her just-released semi-annual Monetary Policy Report to Congress, the Fed chair addresses the issue of tech valuations saying, “[V]aluation metrics in some sectors do appear substantially stretched. Particularly those […] View the full post at: Fed Chair Yellen Warns of Overvalued Social Media and Biotech Stocks (TWTR), (YELP), (FB) Related posts: The Most Overvalued Market in History Social Norms as Taxes on Behavior SEC Chair Asks Congress to Regulate CDS Market