Bull markets, it is said, climb a wall of worry. There are certainly plenty of reasons to worry. But markets are no longer climbing, which indicates the bull market is dead. Since markets are already highly valued, that would not be surprising.
据说,牛市爬上了一堵忧虑之墙。当然有很多忧虑的理由。然而市场却不再攀升,显示牛市已经终结。由于股市早已估值过高,这一点并不会让人吃惊。
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