Volatility has been coming down, no doubt about it. But what next? Is this just the beginning, the return to normality? I heard some saying that THIS IS NORMAL VOLATILITY, as opposed to one-two years ago, which was exceptionnal and only possible in those very rare crazy markets you see once or twice in a trading lifetime. And that we should get used to those conditions, and not blame them on some special factors (whether it is investors waiting or whatelse), as lower volatility will now be the norm. Some opinions?