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Funny when I first started discussing the noitsns-redsed median, Pegasus, Macro Investor and Jonnes were all over me as trying to cherry pick the market.(Start post 28, and post 29 and 46 are good examples.) Now when you need some explanation as to why the median didn’t go up 20%, looking at the non-distressed median is not controversial at all! ;-) – Rate this comment: 0  0