A steep drop in prices has pushed yields to nearly twice their historic norms relative to Treasury securities, and investors are beginning to creep back.

"The numbers today could signal a breakout from historic norms."

The rise left the actual price level well within historic norms.

"Most sectors of the health care industry look pretty attractive right now," he said, and are selling at multiples below historic norms.

The UK will not be able to recover until house prices return to long term historic norms (2-3x single salary + 0.5 second salary).

"It shouldn't increase without monitoring but, so far, it is within historic norms."

He sees the market dangerously high in terms of historic norms for book value, dividend yield, price/earnings ratios and cash-flow multiples.

Right now, the return on stock funds is about 30 percent higher than the historic norm.

Bringing in rights for tenants would dampen property speculation and thereby reduce property prices back to their historic norms.

Amputation rates among soldiers, according to recent Congressional estimates, have doubled to 6 percent from the historic norm.