You make some valid points and your view to me is fairly balanced.
There are those that say that the market is always right, to me that is a furphy as to me they are seldom right as what actually is right when the market is a forward indicator of actual events, which are not yet known (guess work really) and the price of a stock etc is the tug of war of emotions of traders of extreme and opposing views which sometimes goes out of balance and can stay that way for some time( irrational exuberance) even though realities or those that are assumed are yet to eventuate.
Rest assured that it can quickly turn the other way, if you look at Ncm Chart on the Run up from 20.89 and previous moves it goes down with as much vigor as fridays Trade.
Anyway thats just my view and I have no intention to offend anyone.
snider
NCM Price at posting:
$24.52 Sentiment: LT Buy Disclosure: Not Held