Fed Chair Yellen Warns of Overvalued Social Media and Biotech Stocks (TWTR), (YELP), (FB)

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