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Top links: Why listening to doomsayers is dangerous

A roundup of what The Globe and Mail's market strategist Scott Barlow is reading this morning on the World Wide Web.

Stony Brook University economics professor Noah Smith coined the best investment phrase of 2014 with “macro-tainment” on Wednesday. The phrase describes the investment advice of doomsayers who, like the proverbial broken clock that tells the correct time twice a day, predict a market apocalypse every week and then proclaim victory when something finally goes wrong.