According to a new study, hormones are a big factor in determining whether the stock market crashes.
Researchers actually elevated levels of testosterone on a group of male traders – and observed their buying and selling habits with stocks.
Sure enough. The more these guys were hopped up on testosterone, the more aggressively they bid up prices.
Such behavior from many traders, over the long term, would definitely lead to a bubble – which would eventually burst, creating a stock market crash. (Daily Mail)