Microcaps underperforming again today .... since March 5th, the Russell Microcap Index is DOWN 10% while the S&P500 is UP 6% .... a huge divergence ! Here's the progression, both indexed to 100 on 3/5/14 for ease of comparison - [pre] Russell S&P Outperformance 03/05/14 100 100 0% 03/06/14 99.7 100.2 -0.3% 03/07/14 99.6 100.2 -0.6% 03/10/14 99.7 100.2 -0.3% 03/11/14 98.5 99.7 -1.1% 03/12/14 98.9 99.7 -0.7% 03/13/14 97.7 98.5 -0.8% 03/14/14 98 98.3 -0.2% 03/17/14 98.2 99.2 -0.9% 03/18/14 99.8 99.9 0% 03/19/14 99.2 99.3 0% 03/20/14 99.2 99.9 -0.6% 03/21/14 98.8 99.6 -0.7% 03/24/14 97.1 99.1 -1.9% 03/25/14 97.1 99.6 -2.4% 03/26/14 94.8 98.9 -4% 03/27/14 94.6 98.7 -4.1% 03/28/14 94.4 99.1 -4.7% 03/31/14 96.4 99.9 -3.5% 04/01/14 97.8 100.6 -2.7% 04/02/14 98 100.9 -2.8% 04/03/14 96.7 100.8 -4% 04/04/14 94.1 99.5 -5.4% 04/07/14 92.7 98.5 -5.8% 04/08/14 93.4 98.8 -5.4% 04/09/14 94.9 99.9 -4.9% 04/10/14 91.9 97.8 -5.9% 04/11/14 90.5 96.9 -6.5% 04/14/14 90.4 97.7 -7.3% 04/15/14 90.3 98.4 -8.1% 04/16/14 91.3 99.4 -8% 04/17/14 92.1 99.5 -7.4% 04/21/14 92.8 99.9 -7% 04/22/14 94.1 100.3 -6% 04/23/14 93.1 100.1 -6.9% 04/24/14 92.8 100.3 -7.4% 04/25/14 90.8 99.4 -8.6% 04/28/14 90.1 99.8 -9.6% 04/29/14 90.2 100.2 -9.9% 04/30/14 90.7 100.5 -9.7% 05/01/14 90.3 100.5 -10.1% 05/02/14 90.1 100.4 -10.2% 05/05/14 89.9 100.6 -10.5% 05/06/14 88.3 99.7 -11.3% 05/07/14 87.9 100.2 -12.2% 05/08/14 86.4 100.1 -13.6% 05/09/14 87.6 100.2 -12.6% 05/12/14 89.9 101.2 -11.1% 05/13/14 88.9 101.3 -12.1% 05/14/14 87.3 100.8 -13.3% 05/15/14 86.6 99.8 -13.1% 05/16/14 87.2 100.2 -12.9% 05/19/14 88.2 100.6 -12.2% 05/20/14 86.9 99.9 -13% 05/21/14 87.2 100.8 -13.3% 05/22/14 88.2 101 -12.5% 05/23/14 89.3 101.4 -11.8% 05/27/14 90.9 102 -10.8% 05/28/14 90.5 101.9 -11.1% 05/29/14 90.9 102.5 -11.2% 05/30/14 90.3 102.7 -11.9% 06/02/14 89.4 102.7 -12.8% 06/03/14 89 102.7 -13.3% 06/04/14 89.3 102.9 -13.1% 06/05/14 91.3 103.6 -11.7% 06/06/14 92.3 104 -11.2% 06/09/14 93.3 104.1 -10.3% 06/10/14 93.2 104.1 -10.4% 06/11/14 92.6 103.7 -10.6% 06/12/14 92.1 103 -10.5% 06/13/14 92.1 103.3 -10.7% 06/16/14 92.6 103.4 -10.4% 06/17/14 93.3 103.6 -9.8% 06/18/14 93.9 104.4 -10% 06/19/14 93.8 104.6 -10.2% 06/20/14 94.3 104.8 -9.9% 06/23/14 93.9 104.7 -10.3% 06/24/14 92.9 104.1 -10.6% 06/25/14 93.7 104.6 -10.3% 06/26/14 93.6 104.5 -10.2% 06/27/14 94.3 104.7 -9.8% 06/30/14 94.7 104.6 -9.4% 07/01/14 96 105.3 -8.8% 07/02/14 95.8 105.4 -9% 07/03/14 96.4 106 -8.9% 07/07/14 94.3 105.5 -10.5% 07/08/14 92.8 104.8 -11.4% 07/09/14 92.9 105.3 -11.7% 07/10/14 91.8 104.8 -12.4% 07/11/14 91.7 105 -12.6% 07/14/14 92.5 105.5 -12.3% 07/15/14 91.1 105.3 -13.4% 07/16/14 90.7 105.8 -14.1% 07/17/14 89.1 104.5 -14.6% 07/18/14 90.7 105.6 -14% 07/21/14 90.3 105.3 -14.1% 07/22/14 91.1 105.9 -13.9% 07/23/14 91.2 106 -13.9% 07/24/14 90.7 106.1 -14.4% 07/25/14 90.0 105.7 -14.8%