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Here's a more scientific way of predicting crashes: http://videolectures.net/risc08_sornette_fcrm/ http://videolectures.net/risc08_sornette_fcrm/ "Most attemp
by gaika 16y ago
Here's a more scientific way of predicting crashes:
http://videolectures.net/risc08_sornette_fcrm/ http://videolectures.net/risc08_sornette_fcrm/
"Most attempts to explain market failures seek to pinpoint triggering mechanisms that occur hours, days, or weeks before the collapse. Sornette proposes a radically different view: the underlying cause can be sought months and even years before the abrupt, catastrophic event in the build-up of cooperative speculation, into an accelerating rise of the market price, otherwise known as a "bubble." "