Most of the market is designed to look for next fiscal quarter. Index fund dump more money in stock going up. Most managed funds make money when stock goes up.

Most of the market is designed to look for next fiscal quarter. Index fund dump more money in stock going up. Most managed funds make money when stock goes up. So they aim for stocks that go up. In the end there is only limited number of entities seeking value. Or long term sustainable profitability. For everyone else it is line going up. Or blindly following others.