Some Common Cents for May 8th 2015

May 11, 2015, by John Norris

This week, Fed Chairman Janet Yellen gave the investing world a meaty headline when she opined that stocks are overvalued, generally speaking that is. Almost immediately, tongue wagging pundits started comparing her comments to Alan Greenspan’s famous “irrational exuberance” quote. Remember that one? Well, here it is, in case you don’t: “Clearly, sustained low inflation implies less uncertainty about the future, and lower risk premiums imply higher prices of stocks and other earning assets. We...

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