Citi – Forget Decoupling on ZH

There’s a good article on ZH this morning, I like this quote:

Their crucial insight is to tie the evolving crisis to the Kubler-Ross stages-of-grief and recognize that expecting a decoupling (or lower correlations between and within asset classes) is only for those in denial – trade the phases of the crisis instead (focusing on exploiting the asymmetries and dislocations as opposed aggressive directional bets).