Efficient market Hypothesis: Zero hedge

Since this chart from the WSJ sums up petty much everything about the "efficient market hypothesis" or whatever it is those wacky Chicago PhD's call their multi-variable, self-similar, Lorenzian "strange attractor" equations that describe human irrationality to the dot, there is little need for commentary : Zero Hedge 

Full article at
http://www.zerohedge.com/news/charting-latest-iteration-moral-hazard

Picture from WSJ attached.