the bubble bursts

US /ðə ˈbʌb.əl bɜːrsts/
UK /ðə ˈbʌb.əl bɜːrsts/
"the bubble bursts" picture
1.

a sudden end to a period of success or good feelings

:
Everything was going great until the bubble burst and the company went bankrupt.
He was living in a fantasy world, but then the bubble burst when he lost his job.