1. Commodities Hit New All-Time Lows Versus S&P 500 Blowing Thru 1999 Bottom

Commodity Index vs. S&P Historical

1. Earnings Per Share Beats are not Being Rewarded.

Goldmannotesearnings beats are not being rewardedand misses are getting sold

1. Central Banks Sell Gold for the First Time  in a Decade

Eddie Spence

1. 200 Years of Value Stock Returns….Biggest Disparity Ever.

1. Money Out of U.S. Value Strategies -600B and Counting.

WSJ-By Jason Zweig