If someone follow fundamental investing, he has to wait for years before he can see some profit, and he could wait even longer, say for example more than 5 years if there is a financial set back happen within the period. It could be painfully long to for those who monitor their portfolio everyday.
If the market is going nowhere, almost nobody will have the patience to coup with the seems like non moving shares. He will be then tempted to leave his position to follow the crowd into hot speculation investment.
If there is lots of risk brewing behind market, he is tempted to sell his position in shares and dive into short term speculation trading gambling on short term market direction.
Those are the situation now as more and more people left the fundamental camp and go into speculation camp to gain quick profit.
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