Wilkens, Kathryn; Thomas, Nordia D.; Fofana, M.S. - In: Managerial Finance 30 (2004) 12, pp. 33-54
We examine the stability of market prices for 35 technology and 35 industrial stocks for the period December 31, 1993 to October 31, 2002. A phase portrait plot of the detrended log prices and de‐meaned returns of the two sectors shows a chaotic pattern in the stock prices indicating the...