Just Noise and Entertainment

I bookmarked this quote and post back in January. I wanted to come back to it when things got rocky again. It is a perfect summation of how we also view financial news and short term market "analysis"...

For us this is mostly just entertainment. We don’t spend too much time worrying about whether we’re in the fourth or ninth inning. The beauty of asset allocation is that we don’t allow our emotions to drive portfolio decisions. Sure we have a view which is reflected in our holdings, but those views are determined by evidence, not by what we read at night. Our job as wealth managers is to hit our clients’ goals that have been laid out in their financial plan. We don’t get any extra points for nailing the next five percent move.

Read his whole post. I've bookmarked it to come back to when the markets get rocky again.