The main reason why bourses in advanced countries take so long to recover to new highs after a crash is that, following the damage done to the whole market by a euphoric rise, governments establish new codes of practice and enforce new regulations to deal with shortcomings, thus bringing the stock market to maturity. In a mature stock market share prices generally reflect long-term benefits to shareholders, and rarely give rise to euphoric bubbles.
股市將步向成熟期？先進國家股市崩盤後，再創新高需要花那麼久的時間，主因是﹘ ﹘狂飆行情對整個市場造成傷害後，政府針對各種缺失，訂定制度、法令，使股市漸趨成熟。