Economist Mohamed El-Erian warns about the risk of 'zombie markets'

Beware not just of “zombie” companies but of “zombie markets” as asset prices become distorted and detached from fundamentals, warned Allianz chief economic advisor Mohamed El-Erian. “I think we’ve got to be careful about zombie markets,” he said. “We’re not there yet, but we’re starting to get close.”
https://www.cnbc.com/2020/06/16/economist-mohamed-el-erian-warns-about-the-risk-of-zombie-markets.html