But don't tell that to the Prem Watsa's of the world who made billions shorting the housing bubble that popped in 2007/2008.
Wealthtrack this week looks which big picture events can move markets.
Which macro events matter most? Fed “tapering”? The slowdown in China? The housing recovery?
Two investment research stars, Nancy Lazar and François Trahan run a firm focused solely on the macro and this week share their views.