Things have certainly taken a turn for the worse the past three months, as the landscape for finding positive gains has been dour.  In the first third of the year, there were many more places of joy as QEinfinity created great tales of economic growth, and asset price inflation - especially of the U.S. kind.  The BRIC's stunk - especially India and Brazil, but Europe was generally 'ok' as we mostly ignored the issues.  That obviously all has changed since the beginning of summer.

Ironically the best performer year to date is ... Venezuela.

via Bespoke