Are Financial Crashes Predictable?
arXiv:cond-mat/9804111 · doi:10.1209/epl/i1999-00122-9
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.
LaTeX, 5 pages + 1 postscript figure