Equities: Why Russell Investments' Markanday Googled 'Zumanjaro'

I am not disputing Bill Gross and Mohamed A. El Erian's assertions in 2009 on entering an era of lower returns and more government involvement: the so-called ‘new normal'. However, one aspect of market returns will always remain the same: they will go through up and down cycles, i.e. ‘the old normal'. As a child, I was terrified of rollercoasters, with the part at the beginning being the most terrifying. The gradual move on a steep incline, higher and higher, followed by a short period of calm. Then you fall at tremendous speed with irresistible force, which culminates in a terrifying...