Are quite high end quote and that they represent quote potential dangers. Yeah, i think her comments contributed to one more nasty session, dow plunging 86 points. Nasdaq tumbling 0. 40 . Everyone is entitled to their opinion. That doesnt mean i think everyone should express that opinion especially when they run the Federal Reserve and the topic is stocks. Why do i say that . As a grizzled veteran of the markets i know this can be unhelpful. I remember in december of 1996 when Alan Greenspan panicked many talking about how stocks are suffering from irrational exuberance. How did you do if you listened to greenspan . Forget the fact that you would have missed out on one of the greatest bull runs. The dow was at 6308 and now its over 17300. Come on. Same thing happened in july of last year. When janet yellen herself said that valuation metrics in some sectors particularly biotech and social media and i quote, do appear substantially stretched. Hmm. Howd that go . Okay, at the biotech was
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