So with all those real problems -printed money -Chinas growth problems-emerging countries up against it.....to think the media is the only culprit is just not realistic in terms of underlying problems --maybe short term fluctuations--but the chickens will eventually come home to roost.
Just the simple fact that alot of money has been injected into the system that had to go somewhere and its starting to taper off now with the QEs over--next step is another place to put what is left if interest rates rise--There are alot of baby boomers out there who should be protecting their retirement money--up until now there has been nowhere to put it to get any kind of return--hopefully for them ,that will change and they can get a bit of interest and not have to gamble with their nest egg (or let the pension funds do it for them) but it will not be good for the (what most think)is the overvalued market.
We dont know if the fed will ''man up''(sorry Janet)and do it now or postpone it awhile longer but it will happen and I believe there will be far less stocks that will qualify as decent ''buy and hold'' until the readjustment has really occurred.