Bubbles and crashes
We've always had rising and falling markets, and we always will. When they continue to a significant extent, they're called bull markets and bear markets. Even further and they're called booms, manias an crazes; busts, crises and panics. The most popular terms today for describing extreme bull and bear markets are "bubble" and "crash" These latter terms have been around for a long time. The "South Sea Bubbles" a mania for investing in the company that supposedly would pay off the national debt by exploiting a monopoly to trade with South America, caught England by storm in 1720. And the market collapse that kicked off the Great Depression is called the great crash of 1929. But it was the "tech bubble" , "Internet bubble" and "Dot com bubble" of 1995 - 2000 - and the housing and mortgage bubbles that ended in 2007, bringing on significant crashes in markets around the world - that brought the word "Bubble...