|The S&P 500 index over the last few months. That steep drop around Jan 1 sure made the news.|
Just about any financial adviser - at least, the ones who actually want to help you - will tell you to make a long term plan and stick to it. That's what I've done, balancing my investments between stocks and bonds, plus a few CDs in case of something catastrophic in the financial markets. Other than occasionally rebalancing the stock/bond ratio, I don't change anything based on what the markets are doing. Putting more money in or taking it out happens when my needs dictate, not based on market changes.
If you follow the news at all, you probably can't avoid hearing about the financial world's latest problems. But that doesn't mean you have to react to it.