Is the Market Always Right?

When ten thousand people panic, the emotion seems to snowball. People influence each other, and their emotions compound so that the overall level of panic in the market can be higher than the panic of any participant in isolation. Investors rarely maintain objective, rational, neutral and stable positions. Do you agree with that or not? Is the market a clinical and rational fundamental analyst, or a barometer of investor sentiment? Does the market's behavior these days look like something a mature adult should em it seems clear to me the market does not have above average insight, but it often is above average in emotionality. Thus we shouldn't follow its dictates. In fact, contrarionism is built on the