In 2009 the global markets experienced a crash the likes of which had not been seen since the Great Depression. This paper seeks to use principles of behavioral finance to analyze the economic climate generated before, after, and during a "bubble" period. The efficient market model presented by Eugene Fama is unable to explain the phenomenon known as a bubble period. Using traditional and nontraditional stock indicators, this paper will examine the correlation between volume and price in relation to the climate in which bubbles are generated.
Bibliography : pages 62-65.