“You keep using that word. I do not think it means what you think it means.”

“Thirty percent of trading days since the start of 2010 were up or down more than 1 percent at the time of the closing bell. That’s far more than the 20 percent of such jumps in the 1990s. The trend toward greater volatility is more pronounced in larger price moves.”

Rumors of a Moodys downgrade of the Big Three French banks have been making the rounds all weekend.

September 11th 2001, New York City

Video.

Cartoon.

If you read nothing else today, don’t miss this…

Update, video.