The market isn't technically right or wrong, it just is. We as traders pass judgments on it and give it labels. It can be right or wrong at the same time, depending on whose perspective it is.
There is hope to see intelligent people exist. In addition, wright or wrong is only determined on hindsight. Good old existentialism says that at every price tick, the market is right, in the sense that it is. "Existential philosophy is the "explicit conceptual manifestation of an existential attitude"[5] that begins with a sense of disorientation and confusion in the face of an apparently meaningless or absurd world..." Sounds familiar? http://en.wikipedia.org/wiki/Existentialism
The market is never right-nor is it ever wrong-but the majority of traders who trade the market are seldom right-and nearly always wrong. The General
What are the stats on people who lose in the markets? Those who think the market is right probably belong in the losers bench. For winning traders markets are emphatically wrong. After all the market is no different than a poker game and you have to be right to win the chips.