Citation
L. Laloux et al., Are financial crashes predictable?, EUROPH LETT, 45(1), 1999, pp. 1-5
Citations number
13
Categorie Soggetti
Physics
Journal title
EUROPHYSICS LETTERS
ISSN journal
02955075
→ ACNP
Volume
45
Issue
1
Year of publication
1999
Pages
1 - 5
Database
ISI
SICI code
0295-5075(19990101)45:1<1:AFCP>2.0.ZU;2-M
Abstract
We critically review recent claims that financial crashes can be predicted
using the idea of log-periodic oscillations or by other methods inspired by
the physics of critical phenomena. In particular, the October 1997 "correc
tion" does not appear to be the accumulation point of a geometric series of
local minima.