Friday, May 7, 2010

Yen Correlation

Mish has an excellent post, Equity Plunge Yen Connection; Reflections on Ponzi Markets and Program Trading

click to enlarge

"45 minutes before US equities went into a waterfall dive, the Yen went into a skyrocket rally vs. the US dollar (inverted on the above chart).

The Yen and the stock market magically stabilized at exactly the same time, right at the equity bottom."


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