I Agree that Yellen Really Does not need to talk about Stock Valuations

I have to agree with this article.

At a recent International Monetary Fund event in Washington, D.C., Federal Reserve Chair Janet Yellen opined about the “potential dangers” posed by “quite high” stock market valuations. This was not her first market prognostication. In July 2014 she singled out biotech and social-media stocks as having “substantially stretched” valuations. Such comments are ill considered and are more likely to do harm than good.

What sucks is if you sold Biotechs when Yellen said they were "too high" you missed a 40% rally. You also missed an 8 point move on Facebook (but you dodged an 9 point drop in Twitter so there is that.) But I do have to agree that stocks seem stretched here and we might have a correction. I think we are overdue.