Chart du Jour: Stock correlation at an all-time high
Laszlo Birinyi’s team at TickerSense alerts us to the fact that 50-day correlation of S&P 500 Index member companies with the Index has just risen to the highest levels since the market bottomed in 1987. “An ugly market, but attractive stocks?” asks Birinyi.
Makes one think …
Source: TickerSense, August 19, 2011.
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