And an interpretation: Pedro da Costa (@pdacosta) Yellen's message: The Fed won't raise rates to deal with perceived asset bubbles, except in extreme cases.
There has also been a major flight into perceived safe assets such as gold.
This sharp collapse in most of the world's emerging markets was caused to a great extent by investors' migration away from perceived riskier assets.
The sell-off in gold was part of a broader move in the markets that had investors shifting away from perceived riskier assets, like commodities, and into the dollar in reaction to the Federal Reserve's announcement on Wednesday of its new stimulus program.
Finally, the results revealed a direct relationship between number of perceived community assets and size of perceived neighborhood.
Among other perceived safe assets, the yield on benchmark 10-year U.S. Treasury notes stood at 2.602 as U.S. trading loomed.
Investors knew returns would be modest but perceived the asset class as risk-free, an important concept in both financial theory and portfolio construction.
So high-dividend paying properties at perceived net asset value make sense.
In April 2002, when Laxey began its attack, British Land was trading at a 26% discount to its perceived net-asset value, a figure that widened to about 50% early this year.
It has led to a dramatic shift away from risky assets to riskless assets, or at least assets perceived as riskless.
