How many more times will we be told that "it" doesn't matter... or it is "transitory" with regard any and every flashing red warning signal from asset values that are not centrally manipulated with regard asset values that are 'plunge protected'? Well to try and kill one of those myths off, we present the following chart... showing how a collapse in commodity prices is unequivocally bad for US equity markets... Go on - say it - "it's different this time"... and then explan why a 25 year correlation that makes perfect sense from a causal perspective should just be ignored because - just like China - the central bank has your back. Source: @Not_Jim_Cramer