Are financial markets artificial?

There is no doubt that the reason for the overvaluation of all financial assets is monetary.
Is it the level of interest rates or the flood of central banks’ liquidity?
Is it manipulation with the central banks’ put?
The causes are multiple and complex so nobody can have a clear view
Consequently nothing fundamental matters anymore,
It is all about search for yield, risk on, and momentum
And trend is your friend (it will break but not before the confidence in the central banks is lost)
The battle is ongoing between realities with debts burden at all level
Poor productivity, poor growth, poor demographics
And all the geopolitical and political problems we have around the world.
We have never got out of the 2008 financial crisis despite the trillions spent.
The powerful instruments that authorities and complicity at all levels are benefiting: artificial but very potent financial instruments, power of the printing press, suppressed price discovery…. have created the illusion of stability
But the system is not stable; on the contrary it is becoming more unstable and needs more and more artificial support/ debts to function.
In the long term everything that is artificially supported always falls.
At some point, the gravity of the reality comes back with vengeance.
The question is always not if but when.