No, no, no Flagpole, I can not see how any attempt at understanding, let alone forecasting what the market will be or should be on any basis of general semantic reasoning can hold solid.
With total respect to you, I believe any individual or collection of individuals "narrative" will satisfy the illusion of reality. Sometimes, we can approach a general understanding of situations, but the stock market if far to complex to be described in conventions.
Perhaps, in very specific cases, one may have a basis for a probable short term outcomes, but as it is, opportunities are not born from conjecture alone, one must understand that the basis of plausibility is based in observation of frequency in the relationships of variables.
Sound trading is based on "empirical", or observational probabilities. Analysis, even by academic macro economists fail to miss the mark as their personal bias and world view that build the models conveys what may seem persuasive, but in retrospect is as solid chance alone could predict.
I suggest you read through some economist blog sites through say 2006 through today. After reading through text articles, papers and theories to describe and forecast, one would see that what one might think was good science, academics with Nobel prizes shouting policy change and so on,
Is really describing fiction. IMHO.
Is the market efficient?