FYI: Stocks have become so expensive that central bankers are weighing in again.
A chorus of policy makers has pointed to frothy asset prices this week, with the latest being Federal Reserve Chair Janet Yellen, who noted Tuesday that equity valuations are now “somewhat rich.” Stocks viewed on the basis of their estimated earnings are well above their 10-year averages in the U.S., Europe and emerging markets, while bond yields across the world remain near historic lows.
Regards,
Ted
http://www.fa-mag.com/news/equities-turn-so-hot-even-central-bankers-are-taking-notice-33504.html?print
