Laws of physics show market 'anti-bubble'

Researchers from the University of California have found that when statistical methods used in physics were applied to the markets they found an 'anti-bubble' the opposite of a speculative bubble.

If financial markets follow the laws of physics, the outlook for the next two years is dire. We can expect a growing "anti-bubble" that will leave the US stock market about 30 per cent lower at the end of 2004 than it is today.

That depressing prediction comes from two physicists at the University of

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