The Johansen-Ledoit-Sornette model as a tool to predict crashes and rebounds
Extreme events on the financial market has become an important and high-attention topic. Several well know historical market crashes has taken investors and academics with surprise and there is an urge to understand these anomalous events. The Johansen-Ledoit-Sornette model aims to describe speculative bubbles and anti bubbles on financial markets, often ending in endogenous crashes or rebounds. I
