Good morning. Convergence at last! Not the kind we would like to see though. And this Germany/France vs the rest is also a bit??? mwoah.

(source: http://soberlook.com/2012/11/the-convergence-between-core-and.html)

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So stocks took a hit: what???s new about that? The worst post-election trading day in??? four years, no less! These are the recent first day election trading results???

?????????????????? http://www.businessinsider.com/post-election-stock-market-sell-off-2012-11

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???and these are the worst???

?????????????????? http://www.bespokeinvest.com/thinkbig/2012/11/7/worst-one-day-reactions-to-presidential-elections.html

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???and why did stocks trade lower? Because of the fiscal cliff according to various sources. As if the fiscal cliff would not have been an issue for Romney???

?????????????????? http://www.citywire.co.uk/global/overnight-markets-dow-sheds-300-points-as-focus-turns-to-fiscal-cliff/a632608

?????????????????? http://www.reuters.com/article/2012/11/08/us-usa-campaign-idUSBRE89M11220121108

?????????????????? http://online.wsj.com/article/SB10001424127887324439804578104834147480660.html

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And here is the proof that the fiscal cliff has always been a major concern for investors (via Merrill Lynch). The biggest in fact???

?????????????????? http://soberlook.com/2012/11/tail-risks-lurk-in-shadows-fiscal-cliff.html

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Aha! But here is the explanation: there are more cliffs to worry about! Nine in fact???

?????????????????? http://business.financialpost.com/2012/11/07/there-are-actually-9-cliffs-investors-should-be-freaking-out-about/

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???and here is another to do list for the newly elected???

?????????????????? http://professional.wsj.com/article/SB10001424127887324073504578104464153878672.html

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If China sneezes??? Zambia catches a cold?? Interesting study by the IMF of global spillovers from China (via @went1955)

?????????????????? http://www.imf.org/external/pubs/ft/wp/2012/wp12267.pdf

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I am pretty sure researchers used to write a lot about this very strong correlation???

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???until it broke down???

?????????????????? http://www.zerohedge.com/news/2012-11-07/four-regimes-and-40-years-equity-valuation

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???Why Buy and Hold Is Still Gold??? BACK! With a vengeance?

?????????????????? http://blogs.wsj.com/totalreturn/2012/11/06/why-buy-and-hold-is-still-gold/

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