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Stock Market Crashes Are Predictable, Major Decline Is Coming In 2003 And 2004, Says UCLA Physicist

Date:
December 17, 2002
Source:
University Of California - Los Angeles
Summary:
Successfully predicting stock market swings is as futile as searching for the fountain of youth, some people believe. UCLA physicist and complex-systems theorist Didier Sornette is not among them. Sornette, author of a new book, "Why Stock Markets Crash: Critical Events in Complex Financial Systems" (Princeton University Press), has found patterns that occur in market crashes dating back for centuries. Their statistical signatures are evident long in advance, he concludes.

Successfully predicting stock market swings is as futile as searching for the fountain of youth, some people believe. UCLA physicist and complex-systems theorist Didier Sornette is not among them. Sornette, author of a new book, "Why Stock Markets Crash: Critical Events in Complex Financial Systems" (Princeton University Press), has found patterns that occur in market crashes dating back for centuries. Their statistical signatures are evident long in advance, he concludes.


Story Source:

The above story is based on materials provided by University Of California - Los Angeles. Note: Materials may be edited for content and length.


Cite This Page:

University Of California - Los Angeles. "Stock Market Crashes Are Predictable, Major Decline Is Coming In 2003 And 2004, Says UCLA Physicist." ScienceDaily. ScienceDaily, 17 December 2002. <www.sciencedaily.com/releases/2002/12/021217073021.htm>.
University Of California - Los Angeles. (2002, December 17). Stock Market Crashes Are Predictable, Major Decline Is Coming In 2003 And 2004, Says UCLA Physicist. ScienceDaily. Retrieved April 20, 2014 from www.sciencedaily.com/releases/2002/12/021217073021.htm
University Of California - Los Angeles. "Stock Market Crashes Are Predictable, Major Decline Is Coming In 2003 And 2004, Says UCLA Physicist." ScienceDaily. www.sciencedaily.com/releases/2002/12/021217073021.htm (accessed April 20, 2014).

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