Likes ReceivedMost people involved in the bubble won't be able to escape, because
1. Cost anchoring: constantly fixating on the price before the decline started and their own entry price.
2. The 侥幸心理 (wishful thinking) of minimizing losses, waiting for a rebound.
3. Companies continuously releasing good news: many companies in the bubble phase will frantically release positive news, as many are not honest companies historically.
4. Starting to evaluate companies based on short-term performance and prospects: speculators begin conducting fundamental analysis. For stocks exceeding certain valuations, sentiment drives the market, not fundamentals.
5. Group morale boosting.
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