A firesale, or buyout, or merger, or nationalization. It's strange, because few of those terminal events will get you a very high valuation, yet this doesn't se

A firesale, or buyout, or merger, or nationalization. It's strange, because few of those terminal events will get you a very high valuation, yet this doesn't seem to have a depressing effect on current values. But if no-one thinks too much about it, there is still plenty of liquidity, and that's really all the evidence the liquidity providers need.