These perspectives bother me a lot, because I want to invest passively, but if people are out there thinking like that, maybe nothing is priced right...
Priced right if money is moving from the bottom 90% to the top 10%. Stock market growth is because theres excess money and people need to invest the money. Supply and demand. There's reason why you can buy any ultra luxury car right(look at ferrari's revenue growth) and private jet industry is booming.
The market is only "right" in the very long term, and probably not in a way that's useful (companies that die eventually price to 0...but not a useful signal if its riding high all the way before it crashes).