The Hindenburg Omen Confirmed For Third Time

August 25th, 2010 by Belisarius

Just to note…the Hindenburg Omen has been confirmed for third time. It reoccurs quite often in the last couple of weeks which is quite unusual, but I suspect this is a product of (strangely) high market correlation.

Chart 1. CBOE S&P 500 Implied Correlation Index

Source: Bloomberg


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