Thanks for asking that question, Hippmatt. Sometimes I think I’m losing my mind when I see the headlines.
I’m learning to steer away from what I call Consumer McMedia, (Yahoo news, MSN etc.) and just read the Sunday editions of the WSJ and NY Times. The Economist is the best for well-written, digested news analysis. Those hourly updated news websites really can’t offer any kind of analysis because their content changes too rapidly, and very often the take-away is inaccurate in the long-term precisely because the content changed. We have to force ourselves to ignore this content, and focus on the big picture.
I think yesterday’s rally will be short-lived, and we’ll see more fluctuations continue. (Let’s see what the market does in the next few days based on Bernanke’s “shrink” comments this a.m!)
