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Divergences

FYI: The issue is easily defined: Convergences reduce volatility. Divergences increase volatility. That defines the yin and yang of markets. Or others might call it the Sturm und Drang of markets. We call it a merger of metaphors
Regards,
Ted
http://ritholtz.com/2016/01/155594/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed:+TheBigPicture+(The+Big+Picture)
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