In this episode, Mark talks about how the Feds raising rates was expected. Yahoo finance: “cut their outlook” and “become extremely bullish for next quarter”. The media and financial institutions have a propensity to provide data that is short term in nature. People will focus on generalities, not what is important to them. There's white noise in the market: it influences one's decisions on what they do with their money over short periods of time. As the internet has grown and the industry has changed, there is a host of “ingredients” going into the cake, because there are so many channels for news there are dangers. Investors get mixed messages and a lot of information that is not in their best interest. Getting back to the basics is important for investors and it's very hard for investors to be pragmatic.
March 15, 2017