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Volatility is high, but not at peak levels.  (Aleph Blog, FT Alphaville)

High volatility usually coincides with a market bottom, except when it doesn’t.  (Don Fishback)

The VIX indicates that markets don’t believe in the sustainability of the rally.  (VIX and More)

High frequency trading has surged, some say not for the better.  (Bloomberg, Atlantic Business)

Check out this pogo stick pattern.  (Kid Dynamite)

When in doubt blame the shorts:  Europe bans short selling of bank shares.  (WSJ)

Short sellers are essential to properly functioning markets.  (Crossing Wall Street)

More reports of corporate insiders buying.  (FT, FT Alphaville)

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