SPDR S&P 500 (SPY)

[risk on]

Yellen just contradicted herself. I am catching up on the video stream of her sit down this pm, and she said " we are not a bubble economy , and that ALL ASSET CLASSSS are Nominally within correct pricing " pp

Wait! She had just said, apx 6 months ago w Lagarde , that she thought " equites seem somewhat overpriced" pp

The General indicies were the same price then as now, and with even 2% annual inflation would naturally be apx 1% lower actual value now. Meaning that if equity prices are the same or even lower now than they were then, how can they now be within the margins, yet were " overpriced " 6 months ago?

She's just making it up ad she goes, like all so called learned experts do. This is not to slight them personally , just the way it is. She even said just today " it's our best "GUESS" as to what we need to do policy wise " pp