纵观全球股票市场，总是不断上演着股价周期性的暴涨暴跌显现，产生股市泡沫

Throughout the global stock market, there are always cyclical surges and falls of stock prices, resulting in stock market bubbles and even financial crises. This periodic phenomenon has aroused the attention and research of many scholars. The famous tulip bubble in history, the real estate bubble in Japan, and the subprime mortgage crisis in 2008 all reflect the turbulence and fragility of the stock market. The stock market bubble continues to form, inflate, and burst, which will have an impact on the stability of the financial market. The real economy has caused a huge impact and even triggered a global financial crisis. In many domestic and foreign scholars' researches, whether it is the measurement and generation mechanism of the stock market bubble, the cause of the stock market bubble and the early warning research, they are dedicated to solving and controlling the stock market bubble, reducing stock market turbulence, and stabilizing the economy.

Throughout the world's stock markets, there has always been a cyclical surge and fall in share prices, creating stock market bubbles and even triggering financial crises. This periodic phenomenon has aroused the attention and research of many scholars. The famous tulip bubble in history, the Japanese real estate bubble, the subprime crisis in 2008 and so on all reflect the stock market turmoil and its vulnerability, the stock market bubble from the generation, expansion to burst, the impact on the stability of the financial market will also have a huge impact on the real economy, and even trigger a global financial crisis. In many domestic and foreign scholars, whether it is the measurement of the stock market bubble, the generation mechanism or the cause of the stock market bubble and early warning research are committed to solving and controlling the stock market bubble, reduce stock market turmoil, stabilize the economy.

Throughout the global stock market, stock price cyclical inflation and slump are constantly appearing, resulting in a stock market bubble and even a financial crisis. This kind of periodic phenomenon has aroused the attention and research of many scholars. The famous tulip bubble in history, the real estate bubble in Japan and the subprime mortgage crisis in 2008 all reflected the turbulence and fragility of the stock market. The stock market bubble constantly generated from the inflation and burst to the stability of the financial market. It also caused a great impact on the real economy and even triggered a global financial crisis. In many domestic and foreign scholars' research, both the measurement of stock bubbles, the mechanism of formation and the cause of stock market bubbles and early warning research are all committed to solving and controlling the stock market bubble, reducing stock market turbulence and stabilizing the economy.