BFM Podcast

Janet Yellen Says Stocks are Too Expensive

Tan KW
Publish date: Thu, 23 Jun 2016, 01:54 PM

Ben Le Brun, Market Analyst, Option Xpress

23-Jun-16 12:16

 

In a congressional testimony, Janet Yellen pretty much said that she doesn't want to prop up stock prices which in her opinion are expensive now.

 

This was echoed by Mohammed El-Erian, the respected chief economist of Allianz that cash is a valuable resource.

 

Both these views add to the pre-Brexit jitters.

Discussions
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Apollo Ang

say only no use.....raise interest rate by 1%

2016-06-23 15:08

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