# The Hottest Stock Markets Lead to the Biggest Losses

- Published: 2026-07-03T09:01:03Z
- Updated: 2026-07-06T15:48:00Z
- Section: Business
- Language: English (en)
- Source: The New York Times — https://www.nytimes.com/2026/07/03/business/stocks-investing-markets.html
- Tags: The New York Times · Business
- Canonical: https://www.khabarestan.com/en/news/%D8%A8%D8%A7%D8%B2%D8%A7%D8%B1%D9%87%D8%A7%DB%8C-%D8%B3%D9%87%D8%A7%D9%85-%D8%AF%D8%A7%D8%BA-%D8%B9%D8%A7%D9%85%D9%84-%D8%A7%D8%B5%D9%84%DB%8C-%D8%B2%DB%8C%D8%A7%D9%86%D9%87%D8%A7%DB%8C-%D8%B3%D9%86%DA%AF%DB%8C%D9%86-%D8%B3%D8%B1%D9%85%D8%A7%DB%8C%D9%87%DA%AF%D8%B0%D8%A7%D8%B1%D8%A7%D9%86

Investor enthusiasm culminated in some of the worst cases of wealth destruction in the last 100 years, a long-running study shows.

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