I strongly disagree with this statement. Stock pump is great when you plan to sell later, realize dizzying share price gains, enjoy stock splits, and take loan

I strongly disagree with this statement. Stock pump is great when you plan to sell later, realize dizzying share price gains, enjoy stock splits, and take loans against your portfolio; that's how it works now and I get it. But something glaring about this situation makes me feel rather uneasy. Since the market has transitioned from dividends to price hikes, the price performance is fully baked into the economic equations that investors count on for profits. I can't help but feel something is untoward about the ponzi-esque mechanics and tax sheltering implications of buy-hold-sell-buy the dip-hold. Regular (not rich) people are much less insulated to market downturns and the big players as well as corporate officers are bound to value short term performance, stock buybacks in lieu of dividends, pr-driven policies, and doesn't this even further incentivize insider trading activities and concealment of environmental issues, HR abuses, and other externalities? What is the real point of the stock now? It is so much farther divorced from the fundamentals of a business and tilted towards this emotional stock market yearly performance corporate raider stuff. Doesn't the stock market have to keep recording historic record highs, or else this all comes crashing down? Does it really matter at all what a company is doing so long as the share price climbs at a rate above inflation? Shouldn't the smartest move now be to buy mass market ad campaigns for "Buy AMZN!"? I mean, if you squint at it just right it looks like if that works, corporations would be obligated to do just that. If its all truly this fake (so to speak) and its gonna be fine, aren't I an enormous idiot for not quitting my job, liquidating everything, and just buying and selling shares all day long? (I suspect the answer is yes.)