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- [1] The Nasdaq crash of April 2000: Yet another example of log-periodicity in a speculative bubble ending in a crash[J]. EUROPEAN PHYSICAL JOURNAL B, 2000, 17 (02): : 319 - 328Johansen, ASornette, D
The Nasdaq crash of April 2000: Yet another example of log-periodicity in a speculative bubble ending in a crash
被引：0
|作者：
A. Johansen
D. Sornette
机构：
[1] Institute of Geophysics and Planetary Physics,
[2] 3845 Slichter Hall,undefined
[3] Box 951567,undefined
[4] University of California,undefined
[5] Los Angeles,undefined
[6] California 90095-1567,undefined
[7] USA,undefined
[8] Department of Earth and Space Science,undefined
[9] University of California,undefined
[10] Los Angeles,undefined
[11] California 90095,undefined
[12] USA,undefined
[13] Laboratoire de Physique de la Matière Condensée (CNRS-UMR 6622) and Université de Nice-Sophia Antipolis,undefined
[14] BP 71,undefined
[15] Parc Valrose,undefined
[16] 06108 Nice Cedex 2,undefined
[17] France,undefined
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关键词：
PACS. 01.75.+m Science and society - 02.50.-r Probability theory, stochastic processes, and statistics - 89.90.+n Other topics of general interest to physicists;
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摘要：
The Nasdaq Composite fell another \documentclass[12pt]{minimal}
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\begin{document}\end{document}% on Friday the 14'th of April 2000 signaling the end of a remarkable speculative high-tech bubble starting in spring 1997. The closing of the Nasdaq Composite at 3321 corresponds to a total loss of over 35% since its all-time high of 5133 on the 10'th of March 2000. Similarities to the speculative bubble preceding the infamous crash of October 1929 are quite striking: the belief in what was coined a “New Economy” both in 1929 and presently made share-prices of companies with three digits price-earning ratios soar. Furthermore, we show that the largest draw downs of the Nasdaq are outliers with a confidence level better than 99% and that these two speculative bubbles, as well as others, both nicely fit into the quantitative framework proposed by the authors in a series of recent papers.
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页码：319 / 328
页数：9
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