Roger Nusbaum submits: IndexUniverse reported on Tuesday that Nasdaq OMX (NDAQ) recently created five indexes that could be very interesting should someone license them for exchange trade products. The idea is that the indexes track correlations between a stock and an ETF or two ETFs. The interest here is that correlations going up can be a proxy for defensive action in a portfolio that could have been part of a defensive solution (with a couple of the new indexes) during the meltdown.
The indexes are:
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RESEARCH IN MOTION ROGERS COMMUNICATIONS SAIC SATYAM COMPUTER SERVICES SES
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