>I have no reason to think I know better than the invisible hand of the market. I don't understand how anyone can talk any more about the market having mystica

>I have no reason to think I know better than the invisible hand of the market. I don't understand how anyone can talk any more about the market having mystical powers after what we've seen in the past few months. If the market was priced correctly in late February, and now that it's regained almost all it lost, how could it be priced correctly in late March at 1/3 lower? And if you swallow that, how is it that it went lower in a basically linear fashion over a month rather than instantly as whatever information was absorbed got out? This really is bugging me as an "emperor's new clothes" situation, you can argue any which way on which is the right price, but how can you believe for an instant that they are all correct, reflecting all available information at all times?