Robert Schiller, the Nobel prize-winning economist called this the psychological basis of a speculative bubble. A speculative bubble is a situation in which news of price increase spurs investor enthusiasm each day. It spreads just like the virus. In the process, each individual amplifies the story, justifies the price increase, and ropes in more participants. These people might be drawn to the euphoria partly through envy of others’ successes and partly through a gambler’s excitement.
However, the price rise is usually unsustainable because the contagion is premised on weak fundamentals and an abrupt decline in corporate India’s fortune or a calamitous event could bring down the whole ecosystem rather spectacularly. In summary, it’s just a bubble waiting to explode.
Does this theory will again prove itself correct or this time market will not work accordingly to this and this Covid will to structural Change in system that will lead to organised / listed player will become more more big with the time as I understand more your plant or business is integrated chances of survival or outperformed from competition is much high .
Afterall markets always discount the future , Iam sure this time also market know much more than all of us . Economy will definitely give V shape recovery.
Equity Market and investment 