Investors are getting confused with the bouncing ball of everyday events and taking their eyes off the fundamentals underneath the shell. Most events are noise from an investing point of view, but sometimes it is difficult separating out this noise from meaningful fundamentals. Here is where experience is invaluable. The Ukraine and the future status of Crimea are almost irrelevant to the value of most companies. This would only be relevant if it led to serious conflict among the major powers. That has always been unlikely.
The fundamentals indicate that the U.S. economy is not only recovering; it is probably accelerating. Companies are healthier than ever and are making record profits. This is likely to continue for some time to come. Almost everything else is noise, but we do have to keep evaluating new events. Keep your eyes on what is important.