In mid February Fed’s Tarullo first opined on the “stretched valuations” in small and high-tech companies in the US – while careful not to label the entire market a bubble. It seems, given Janet Yellen’s comments today, that this is the new meme…
- *YELLEN SEES POCKETS OF POSSIBLE OVER-VALUATION IN SMALL CAPS
- *YELLEN SAYS EQUITY MARKET VALUATIONS ARE IN HISTORICAL RANGES+