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Finance Dictionary and Glossary of Investment Terms
Price and volume fluctuations that can confuse interpretation of market direction. Used in the context of general equities. Stock market activity caused by program trades, dividend rolls, and other phenomena not reflective of general sentiment. Antithesis of real.
Price and volume fluctuations which do not provide meaningful information about the market's direction.
Fluctuations in the market that can confuse one's interpretation of market direction.