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Anatomy of a Stock Market Bubble

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  • Frank Veneroso

Abstract

According to Frank Veneroso, a broad subset of today's US stock market has become what he calls a "pure price-chasing bubble." Examination of the history of comparable pure price-chasing bubbles shows there has been a set of key causal factors that contributed to these rare market events. The most extreme such case was an over-the-counter market in Kuwait called the "Souk al-Manakh." This exemplar of a pure price-chasing phenomenon may shed light--albeit unflattering--on the current US equity market, Veneroso contends.

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  • Frank Veneroso, 2021. "Anatomy of a Stock Market Bubble," Economics One-Pager Archive op_66, Levy Economics Institute.
    • Handle: RePEc:lev:levyop:op_66
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