Stock Market Crashes: Predictable And Unpredictable And What To Do About Them (World Scientific Series In Finance Book 13)
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Stock Market Crashes: Predictable And Unpredictable And What To Do About Them (World Scientific Series In Finance Book 13)
This book presents studies of stock market crashes big and small that occur from bubbles bursting or other reasons. By a bubble we mean that prices are rising just because they are rising and that prices exceed fundamental values. A bubble can be a large rise in prices followed by a steep fall. The focus is on determining if a bubble actually exists, on models to predict stock market declines in bubble-like markets and exit strategies from these bubble-like markets. We list historical great bubbles of various markets over hundreds of years.