Monday, August 27, 2007
Prediction - believe it or not?
Just read a paper - Prediction oriented variant of financial log-periodicity and speculating about the stock market until 2010. The paper predicted that the next market top (i.e. another big crash) will come on Sep 2010 with S&P over 4000 (now 1466). The market will take up momentum after mid-2008. Let's wait and see...
In his earlier paper, there was prediction that the World market will go into a long term decline after 2025. In the author's view, the current market is mainly driven by the evolution of two bubbles, a local bubble (the credit bubble) superimposed on top of the long term bubble - demise of the dollar since 1981. This sounds reasonable.
In his earlier paper, there was prediction that the World market will go into a long term decline after 2025. In the author's view, the current market is mainly driven by the evolution of two bubbles, a local bubble (the credit bubble) superimposed on top of the long term bubble - demise of the dollar since 1981. This sounds reasonable.
# posted by Lobo @ 5:38 PM 
