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Person walking on Wall St at night 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.

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