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Strategies & Market Trends : The Art of Investing
PICK 46.18-0.3%Nov 14 4:00 PM EST

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To: sense who wrote (1601)3/23/2021 8:34:05 PM
From: Sun Tzu  Read Replies (2) of 10599
 
You need to read the article before we can discuss it. There is no point to do otherwise.
The article is actually quite accessible and (as far as academic finance papers go) interesting.
As an FYI, they picked bubbles a priori - defined as something that crashed 40% from its top. So you already knew for a fact that you are dealing with a bubble. Nonetheless it was pretty impossible to deal with that little thing you mentioned - the timing.

For the most parts, they confirmed Fama's conjecture. But because they took a nuanced approach and split hairs, they managed to make some additional interesting (and somewhat useful) observations.

PS As you can see, people have researched and analyzed bubbles - some of them even won nobel prize.
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