From an excellent article by Larry Swedroe:
The lesson I hope you take from all this is not only that you should ignore the headlines when making investment decisions, but also that you should ignore all market forecasters. There are simply no good ones. One reason for the inability of anyone to forecast markets well is because, as you have just seen, even a perfectly clear crystal ball that reveals all world events may tell you nothing about where markets are going.
http://www.cbsnews.com/news/markets-continue-to-defy-both-experts-and-the-news/
