Fitz Bits: Don't Fret High Valuation

OK, let's look at some charts.

GoPro (GPRO) Amazon (AMZN) Zagg (ZAGG) Plug Power (PLUG) 

Yesterday, the Federal Reserve released its latest Monetary Policy Report, noting that valuation metrics in various sectors are "stretched." In her testimony, Fed Chair Janet Yellen voiced some concern about valuations in biotech, social media and small-cap stocks. Predictably, the iShares Nasdaq Biotechnology ETF (IBB), Global X Social Media Index ETF (SOCL) and iShares Russell 2000 (IWM) sold off. But it didn't last. At precisely 12:10 p.m. EDT, those ETFs reversed and moved higher. So did the rest of the market....865 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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