Professor of Global Studies and Geography Jean-Paul Rodrigue was interviewed by USA Today to discuss the four phases of the bull market’s life – pessimism, skepticism, optimism and euphoria. Many experts believe the market has entered this final phase.
The selling begins when “new information forces people to readjust their views about the market,” explains Dr. Rodrigue, who back in 2008 mapped the “main stages of a bubble.”
“You never know what will trigger the next downturn,” Rodrigue says. “It can be a shock, something surprising or some very powerful event.”