For the most part, I have stopped listening to "experts " dissect, predict and analyze the day to day movements of the public markets. There is not much value in listening to someone try to predict the unpredictable. I have begun looking at the economy as an elevator, either ascending or descending, improving or declining, while the day to day movements of the markets are like a yo-yo you're playing with while the elevator is moving. I don't really care whether the yo-yo is going up or down on a given day, it is immaterial to the direction of the elevator. As long as the elevator is moving up at a comfortable pace and the cables are not at risk of snapping we should rest assured that all is well (for now).
JP Morgan was once asked by a fellow executive what he thought markets would do in the coming months, his response, "It will fluctuate." Warren Buffett has echoed a similar sentiment throughout his career and I think the world would be wiser if we took their advice to heart.