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Commentary Topic from greenfaucet

Correlation Among Asset Classes Highest Ever

While I own a lot of cash it is for different reasons than this story; I am simply awaiting a break out of this months long range one way or the other. However, I completely agree with the massive correlation among asset classes. "Herd mentality" is a great way to describe much of the trading, although I much prefer "lemming action". It's quite wonderful when almost everything moves up together... not so much when it goes the other direction.