On June 14th 2009, a blog claimed Shangai Composite index to collapse between 17th July-27th July. It didn't happen. But the bubble burst after a week. Swiss scientist claims they have a mechanism to capture the inflating bubbles.
Ref:
http://www.technologyreview.com/blog/arxiv/24023/?nlid=2294
http://www.technologyreview.com/blog/arxiv/23839/#comment-212835
http://arxiv.org/abs/0907.1827
http://www.er.ethz.ch/fco/
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