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In a world where everything seems to be highly correlated, here's a new one: IBM's retail...

In a world where everything seems to be highly correlated, here's a new one: IBM's retail analytics practice has uncovered a strong connection between the VIX and jewelry sales. Big swings in the stock market, along with a corresponding increases in the VIX, appear to be highly correlated with increases in jewelry sales two months later - and recent data suggests sales will be strong this holiday. Worth watching: Zale (ZLC), Signet (SIG), Tiffany (TIF), Harry Winston Diamond (HWD).
Comments (4)
  • alpharox
    , contributor
    Comments (380) | Send Message
     
    This kind of news is proof that if you don't like HFT, you might as well Dr. Strangelove it, cause it is only going to get worse.

     

    Individuals already cannot keep up with the kind of data mining and analytics that corporations and government can do and the gap will widen vastly with time.

     

    Hat Tip to Stanley Kubrick.
    13 Oct 2011, 09:14 PM Reply Like
  • The Mays Report
    , contributor
    Comments (252) | Send Message
     
    A spurious correlation if there ever was one.
    13 Oct 2011, 10:31 PM Reply Like
  • jstratt
    , contributor
    Comments (2281) | Send Message
     
    I dont blame whoever wrote this crap for not signing his name
    13 Oct 2011, 10:41 PM Reply Like
  • miluramalho
    , contributor
    Comments (2) | Send Message
     
    well everything ends well if political changes
    14 Oct 2011, 02:13 AM Reply Like
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