Please consider a series of chart my friend “BC” put together of various indices vs. the Morgan Stanley Commodity Related Equity Index ($CRX).

$SPX vs. $CRX

click on any chart for a sharper image

$CYC vs. $CRX

$TRAN vs. $CRX

$DJUSRR vs. $CRX

What is the Commodities Sector Seeing that the Stock Market Doesn’t?

The answer from my friend Pater Tenebrarum who also saw these charts is “the coming economic bust in China – which has likely already begun.

That idea is in-line with several of my recent posts …

Mike “Mish” Shedlock
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