Stock market events in 1929,1987,and 2008 are most apt to be used as examples in support of which one of these theories?
A)Blanket theory
B)Advanced markets theory
C)Value theory
D)Bubble theory
E)Behavioral theory

Question

Quizplus · Accepted Answer

The stock market events in 1929, 1987, and 2008 are often cited as examples of bubble theory, which suggests that asset prices can become detached from their intrinsic values due to speculation and irrational exuberance, resulting in a market bubble that eventually bursts.

Stock Market Events in 1929,1987,and 2008 Are Most Apt to Be