5 Years & 6000 Points: Can Janet Yellen Make It Different This Time?

The NYSE Composite is indicating some uncomfortable symmetry currently. As NewEdge’s Brad Wishak notes, the index (which represents 61% of the market capitalization of globally listed companies) has risen about the same amount over the same period as in the run-up of the last debt-fueled bubble (only this time the valuations are notably richer). Will Janet Yellen make sure this time is different…? Or is the right question, 2007 USA or 2006 Zimbabwe?

 

    



Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.