Good article worth reading for you all:
http://www.bloomberg.com/news/articles/2015-03-30/s-p-500-profit-reversals-hard-to-stop-after-bad-quarters-pile-up
I thought these quotes were interesting:
"Analysts predict Standard & Poor’s 500 Index profits are going to decrease for three straight quarters. Investors better hope they don’t.
History shows that once earnings drop for that long, they almost always keep falling, and usually take the market with them. In fact, among 17 declines that got to nine months since the Great Depression, exactly one stopped there, in 1967."
"Clients of exchange-traded funds have pulled about $9 billion from U.S. equities this quarter and added $38 billion to international stocks, a reversal from the last two years, when money flowing to the U.S. was more than double that going elsewhere. "