Physics – Condensed Matter
Scientific paper
1995-10-06
J.Phys.I France 6, 167-175 (1996)
Physics
Condensed Matter
accepted for publication in J.Phys.I France
Scientific paper
10.1051/jp1:1996135
We present an analysis of the time behavior of the $S\&P500$ (Standard and Poors) New York stock exchange index before and after the October 1987 market crash and identify precursory patterns as well as aftershock signatures and characteristic oscillations of relaxation. Combined, they all suggest a picture of a kind of dynamical critical point, with characteristic log-periodic signatures, similar to what has been found recently for earthquakes. These observations are confirmed on other smaller crashes, and strengthen the view of the stockmarket as an example of a self-organizing cooperative system.
Bouchaud Jean-Philippe
Johansen Anders
Sornette Didier
No associations
LandOfFree
Stock market crashes, Precursors and Replicas does not yet have a rating. At this time, there are no reviews or comments for this scientific paper.
If you have personal experience with Stock market crashes, Precursors and Replicas, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Stock market crashes, Precursors and Replicas will most certainly appreciate the feedback.
Profile ID: LFWR-SCP-O-38972