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An eerie kind of calm in the stock market

This worries some Wall Street strategists for the more sudden the return of volatility, the faster the funds will sell

Low volatility and overvaluation in the stock market have lasted a long time and might do so until a catalyst arises. There are other matters of policy and politics that could send stocks lower if a more aggressive Fed does not.

A RARE calm has settled over the stock market. Whether it turns out to be the one before the storm is a compelling question after a year of conditions so placid that investing has begun to look deceptively simple.

In all of 2017, the Standard & Poor's 500 index experienced no decline...

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