Bill Bonner: Is Ms Yellen making history?

Bill-Bonner2

“See how easy investment analysis is. Even a Fed chairman can do it. ‘Get out of social media and biotech,’ she practically urged investors. ‘Buy blue chips and the broad market.’  In this, Ms. Yellen is not just making headlines; she’s making history. As far as we know, no other Fed chairman has ever offered sector analysis.  We’d like to see her portfolio. Here is a woman who not only observes markets; she moves them.  In the event, investors sold the sectors she warned against, and bought the broad market…sending the Dow back to record territory.  What a fortune you could make if you knew what she’d say next! And what a dope you’d be if you believed her.”

http://www.equitymaster.com/dailyreckoning/detail.asp?date=07/17/2014&story=2&title=Is-Ms-Yellen-making-history

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