In recent years, thanks to central bank intervention in virtually every asset class, writing about capital markets in the context of some valuation or fundamental analysis framework has become a laughable, surreal, and self-defeating exercise, and here is a perfect example why.
https://www.zerohedge.com/s3/files/inline-images/2019-04-05%20%283%29.jpg?itok=KOrCmkI1
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