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Weekend Stock Market Analysis

(11/16/13)

Ben Bernanke "the savior of the world" is stepping down and is being replaced by an even more dovish Janet Yellen (ala Bernanke II).  During her confirmation hearing on Thursday here are a few brief statements from her.

YELLEN SAYS FED DOESN'T SEE BUILDUP OF FINANCIAL RISKS
YELLEN SEES LIMITED EVIDENCE OF ‘REACH FOR YIELD

YELLEN SAYS FED LOOKS OUT FOR ANY POTENTIAL ASSET PRICE BUBBLES
YELLEN DOESN'T SEE `MISALIGNMENTS' IN ASSET PRICES

These are some amazing statements considering that NYSE Debt Margin is at an all time high as investors are leveraged to the max.

Meanwhile Investor Complacency is at a 30 year low however I guess that doesn't matter either to Miss Yellen.  So overall I guess there isn't much to worry about since the Federal Reserve isn't worried.

 

 

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