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Market Facts — August 3, 2006

Correlation Of Volatility Points To Hedge Funds The implied volatilities of unrelated markets exhibit a surprising degree of positive correlation. If markets were traded only by commercial players within that particular business, this would unlikely be the case. It appears to be the footprint of hedge funds in action.

Open Correlation Of Volatility Points To Hedge Funds
The implied volatilities of unrelated markets exhibit a surprising degree of positive correlation. If markets were traded only by commercial players within that particular business, this would unlikely be the case. It appears to be the footprint of hedge funds in action.