Sure does, I would think it was far below average. Check this out though- http://www.fivethirtyeight.com/2009/07/challenge-to-climate-change-skeptics.html Its been, well, average this summer. But our selective brains make us think that it has been much colder than usual. This is why statistics > "feel" in the market. We often see the market how we feel and think rather than how it is. Good statistics can strip away the cognitive biases we have and show what is "really" happening. One more vote for systematic trading.