You’re over complicating something that is very simple. The stock market reflects people’s sentiments: greed, excitement, FOMO, despair… A bubble doesn’t need

You’re over complicating something that is very simple. The stock market reflects people’s sentiments: greed, excitement, FOMO, despair… A bubble doesn’t need a grand catalyst to collapse. It only needs prices to slip below the level where investors collectively decide the downside risk outweighs the upside hope. Once that threshold is crossed, selling accelerates, confidence unravels, and the fall feeds on itself.