Markets are like teenagers — temperamental and easily bored. They love a “new thing”. This year’s equity markets have seen most stock prices fall, but a tiny number rise impressively — mainly the technology companies that dominate the global index. The valuation of some of these companies is now far removed from that of other stocks.
市场就像青少年——反复无常，容易厌倦。他们喜欢“新东西”。
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