I did some research on the Fed's balance sheet going back two years and compared it to the stock market. When the Fed increases their balance sheet, 70% of the time the stock market follows upwards. There wasn't much of correlation to the down side. Bottom line, the Fed isn't shrinking their balance sheet according to the plan they told everybody and they are still giving the stock market a boost every chance they can.
You're right about the media. I haven't watched an economic piece on TV in years because it's a waste of time!