Go Figure: Commodity Index Drops Below 'Financial Crisis' Low, But Stocks Are Cheap Owing To Endless Growth Ahead?

From Zero Hedge

With the S&P 500 having now tripled-and-then-some off the March 2009 lows, we thought it noteworthy to note that today, Bloomberg's Commodity Index dropped below those financial crisis lows for the first time.

 

As is evident from the chart, throughout history, the raw materials of 'business' and the stock of 'business' had high and positive correlations but since the Fed ended QE2, suffered equity weakness and then folded and re-engaged money-printing largesse with Operation Shift, the relationship between commodities and stocks has been utterly negative. 

What happened the last time Commodities and Stocks were this anti-correlated?

 

 Different this time? Or all smoke and mirrors? Time will tell...

http://www.zerohedge.com/news/2014-12-30/spot-difference

David Stockman's Contra Corner is the only place where mainstream delusions and cant about the Warfare State, the Bailout State, Bubble Finance and Beltway Banditry are ripped, refuted and rebuked. Subscribe now to receive David Stockman’s latest posts by email each day as well as his model portfolio, Lee Adler’s Daily Data Dive and David’s personally curated insights and analysis from leading contrarian thinkers.