Where did the pajama traders go? Where did those traders who used to control the opening based on extraneous data and news events from overseas disappear to? Ever since the election of Trump, we have lost a great deal of the ridiculous volatility that plagued our markets for years — the kind of volatility that led to giant distortions each morning as we tried to calculate the impact of an Italian bank’s failed restructuring or a raid on the Cyprus financial system. How much was a collapse of the Brazilian real worth? How do you factor in weak Chinese numbers?…463 more words left in this article.