On market correlation.

• Author: Rees, Matthew
• Position: Global market/economic trends - Brief article

"Over the past five years the Russell 2000 index of small American companies has a 94 percent correlation with the S&P 500, the main Wall Street index. More alarmingly, international stockmarkets have not offered any diversification either: they have shown a 95 percent correlation. Yet more startling are the figures showing that hedge funds have recorded a 94 percent link with...