> It calls to question what, precisely, people think the market is supposed to be measuring, both in theory and in practice. I'm starting to think that the ans

> It calls to question what, precisely, people think the market is supposed to be measuring, both in theory and in practice. I'm starting to think that the answer is what mhh__ wrote: who cares? Markets aren't there to measure anything. Markets are there to make money for participants. Any measurement that can be attributed to the markets under some conditions is, at best, an incidental side effect.