The Complex Langevin method: When can it be trusted?

We analyze to what extent the complex Langevin method, which is in principle capable of solving the so-called sign problems, can be considered as reliable. We give a formal derivation of the correctness and then point out various mathematical loopholes. The detailed study of some simple examples leads to practical suggestions about the application of the method.Comment: 14 pages, including several eps figures and tables; clarification and minor corrections added, to appear in PR