The Great Race (between clippers)

The Great Race refers to the pattern of rapid, short-term increases in stock prices experienced by the share prices of high-flying, aggressive expansion companies, often called "clippers." This phenomenon occurs when investors chase these stocks, pushing their prices higher on optimism, sometimes detached from fundamentals. The "race" symbolizes the competitive rush among investors to buy shares before prices peak, leading to considerable volatility. It reflects a market cycle driven by speculation and herd behavior, where the momentum fuels further gains until investor enthusiasm wanes or fundamentals catch up, often resulting in sharp corrections.