Yellen Fire In The Biotech Theater
7.17.14 | Forbes
By Steve Brozak
After two days of Federal Reserve Chair Janet Yellen’s sometimes heated testimony before Congress, we can be sure of two things. The first is that our capital markets weigh every comment made by financial regulators, and each comment is quickly reflected in the value of the assets mentioned. The second is that our new Fed chair may not comprehend the implication of her words when disjointed industries like biotech and social media are placed in the same bucket with no follow-through to explain how they are connected. For the full article, please click here.