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Yellen Was Right, Markets Are Overpriced - Shiller

cnbc.com  ( Original )
MAY 7, 2015

On Wednesday Yellen spooked markets when she warned that equity market valuations were "quite high," though she added the Fed was not seeing the hallmarks of a bubble.

"Nobody knows for sure because it's a new experiment, and yes the boom in the housing market and the stock market are partly the Fed's doing. But on the other hand, we were close to a depression and they had to do something."