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Sunday, October 7, 2012

On correlation and LATAM arilines

Fuel up airlines down right?   Let's look at Delta airlines....

Not bad ... USO (the ETF) is used as a proxy (i know,... a bad one) for oil prices.  One up the other one down... moving together otherwise.

But how about this one...  The following chart is for LFL: LATAM airlines, formerly Chilean airlines.

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