The ride may feel extra bumpy and gut-wrenching, but that's only because of last year's abnormally calm conditions. (Photo: AP)
(Bloomberg Prophets) –Hardly a day went by in 2017 without some pundit bemoaning the lack of volatility in financial markets. They worried about complacency, implying that the Goldilocks-like environment that enveloped markets was a recipe for disaster.
With volatility on the rise, you would think the handwringing would diminish. It hasn't. Now, the pundits are worried the big swings in asset prices of the last few months portend doom.
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