ISSN:
1434-6036
Keywords:
PACS. 01.75.+m Science and society - 89.90.+n Other areas of general interest to physicists
Source:
Springer Online Journal Archives 1860-2000
Topics:
Physics
Notes:
Abstract: From the analysis of (closing value) stock market index like the Dow Jones Industrial average and the S&P500 it is possible to observe the precursor of a so-called crash. This is shown on the Oct. 1987 and Oct. 1997 cases. The data analysis indicates that the index divergence has followed twice a “universal” behavior, i.e. a logarithmic dependence, superposed on a well defined oscillation pattern. The prediction of the crash date is remarkable and can be done two months in advance. In the spirit of phase transition phenomena, the economic index is said to be analogous to a signal signature found in a two dimensional fluid of vortices.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1007/s100510050361
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