investors used to understand the companies they were investing in and looked for returns made based upon the company's growth / profitability or perhaps improved ROCE? And who were prepared to wait for results.
Now the latest piece of gossip sends the nervous market traders into spasms.
Who is best served by high volumes of trading and rapid rises and falls in the market? Gamblers (speculators) and those on sales volume related incomes and not the sane investor, pension fund holder or company Boards I'll warrant.