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What is normal?

Last month, I wrote an article explaining there's no such thing as normal when it comes to stock market investing. Apparently Don Hays has started reading SMI (okay, maybe not) as this is how he started his report yesterday:

In this volatility I just crave from time to time to get back to normal. Oh Yeah? Right!! What in the world is normal? Obviously the last 15 months have not been normal, but what about the 2 years before that. Do you think the 3 years before that were normal, with the worst hurricane season in a 100 years virtually wiping out New Orleans on the Gulf Coast? Do you think the entry in a global society by the new elephant China created normal conditions, or oil going from $10 a barrel to $147 a barrel? Do you think an amazing renaissance of the U.S. from a broke, unproductive dying economy in 1980 to the only Super-Power in the world was normal? How about the renaissance of the computer, and bio-technology, and how it has changed our lives in the last 15 years? Is it normal for the yield on the t-bill go from 17% to 0% in the last 30 years?

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