Bubble Encyclopedia

History doesn't repeat itself, but it often rhymes. Study the bubbles of the past to recognize the patterns of the future.

Historical Bubble Timeline
Major market bubbles throughout history. Colors indicate bubble phases: stealth, awareness, mania, blow-off, and crash. Click on any bubble to view its full case study.
Stealth
Awareness
Mania
Blow-off
Crash
201020202026
S
B
Crash
M
B
S
A
C
S
C
S
B
C
Stealth
Awareness
Mania
Crash
S
M
C
S
A
Stealth
A
Mania
Blow-off
Crash

See the Pattern

Bubbles have occurred throughout history with remarkable regularity. Each generation believes it's different, yet the pattern persists.

Learn the Phases