This is my sentiment too. People seems to give the market far more importance than what it is in reality: an exchange for second-hand stocks, with money just circling that can never touch the company and the economy. And they also forget that if they don't invest for dividends they are just betting that they'll be able to dump the bag for a higher price in the future.
My point is that market participants seems to not care about what a stock intrinsically is when they choose one to buy (like also voting and governance), they just care about the price of that stock.