Correction: related pages

A period in which investors' optimism keeps the market moving strongly and consistently upwards.

Security prices far above the levels which can be justified by any rational assessment of the real value of future cash flows. Bubbles inevitably burst.

Greater fool

Buying an over-priced investment, especially during a bubble, expecting that it will be possible to sell at a profit to a “greater fool”.

Momentum Investing

A simple investment strategy that assumes price will continue any strong current trends.