John: “Why is the media always so keen to tell us the market is about to nosedive?”

Jim: “Because bad news sells newsletters, pushes people into bond funds and drives the investor herd toward emotional and stupid decisions, buying high and selling low. The clever investors then buy low and sell high. They don’t listen to all the daily media noise.“

John: “So who keeps telling the media that things are bad?” 

Jim: “Clever investors, bond fund traders and people who sell newsletters…”

Source: HNW