Mike McMahon and Merlin Rothfeld start off the new year with a look at some of the classic historical events that have pinpointed significant market turning points. Namely, mad media articles and publications boasting one thing, and actually leading to the opposite. Traders must be aware of how news impacts the markets and specifically, each asset class. Merlin takes a look at the current PMI and Construction numbers as a possible catalyst for future upside movements, but cautions on the broader negative picture. Later, the duo takes a look at the Aussie dollar and the Euro for trading opportunities. PowerPick: DECK