Are financial crashes predictable?

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1999 EDP Sciences
, , Citation L. Laloux et al 1999 EPL 45 1 DOI 10.1209/epl/i1999-00122-9

0295-5075/45/1/1

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 "correction" does not appear to be the accumulation point of a geometric series of local minima.

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10.1209/epl/i1999-00122-9