> Stock markets are also priced according to _expectations_ about the future, That does not mean they are the right expectations and market is correct. Market

> Stock markets are also priced according to _expectations_ about the future, That does not mean they are the right expectations and market is correct. Market could be over optimistic in this situation or just right. I know you don't mean to suggest that. But I just wanted to point that out. I feel "priced in" is the stupidest answer to questions wondering "why is this happening". And I know you aren't saying this either.