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New normal?

Same author as the previous post, but since he's making sense, you get another dose. Here, Jack Hough reasonably argues that the abrupt market/economy adjustments of the past year have simply brought us to the levels we should have been at all along. In other words, we're not in extraordinary times now — we were in extraordinary times over the past few years. Or, welcome to the new normal.

(Note: he's not saying the wrenching adjustment process of the past year is going to be the norm going forward. He's saying where the economy and stock market are today might not be far from where we should be.)

A reminder for newer readers — when we post articles like this, we're not necessarily saying "we think this article is right." Instead, we're trying to provide compelling food for thought to help you build a healthy perspective on the markets and economy. If we think something is spot-on accurate, we'll normally say so.

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