Correlations -- from Bloomberg

Check these correlations.

Eur seems to be getting further away from correlating with S&P.
GBP is highly correlated.

Maybe I can workup a chart of PRS 133 on the GBP.  

Why?
It is more tightly correlation to S&P, British bank are fairly highly exposed to the Euro.   So fireworks on the Euro stage should show up in the GBP anyway.

Chart is from Bloomberg

Theory---it doesn't matter, until it does.   Euroland is in deep trouble.   They will be the first to blow up financially.

S&P has some tight Bollingers today, and is traingulating, for a big move.   Direction unknown.