Renormalization group analysis of the 2000-2002 anti-bubble in the US S\& P500 index: explanation of the hierarchy of five crashes and prediction

DOI10.1016/j.physa.2003.09.022zbMath1054.91568arXivphysics/0301023OpenAlexW2021943559MaRDI QIDQ1414493

Didier Sornette, Wei-Xing Zhou

Publication date: 23 November 2003

Published in: Physica A (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/physics/0301023

zbMATH Keywords

critical pointscollective networkWeierstrass-like functions

Mathematics Subject Classification ID

Microeconomic theory (price theory and economic markets) (91B24) Renormalization group methods in equilibrium statistical mechanics (82B28) Auctions, bargaining, bidding and selling, and other market models (91B26) Statistical methods; economic indices and measures (91B82)

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Cites Work

• Evidence of a worldwide stock market log-periodic anti-bubble since mid-2000
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• Taboo Search: An Approach to the Multiple Minima Problem
• CRASHES AS CRITICAL POINTS
• BUBBLES AND ANTI-BUBBLES IN LATIN-AMERICAN, ASIAN AND WESTERN STOCK MARKETS: AN EMPIRICAL STUDY
• Significance of log-periodic precursors to financial crashes
• The US 2000‐2002 market descent: How much longer and deeper?
• THEORY OF SELF-SIMILAR OSCILLATORY FINITE-TIME SINGULARITIES
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