Standard Deviations with Dr. Daniel Crosby cover image

Akhil Patel - The Hidden Order of Markets Explained: Discover the Secrets Behind Market Movements

Standard Deviations with Dr. Daniel Crosby

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Boom Phase: Optimism to Euphoria

This chapter explores the psychology behind the boom phase in the market, starting with optimistic behavior and the emergence of a dominant industry. It illustrates the transition from optimism to outright euphoria, using the example of the 1980s Japan mania. The chapter also discusses the potential downfall of the banking system during boom phases.

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