I'll make it easier for you, since you don't seem too bright. I answered the OP's actual question on the first page. Then somehow the thread became a series of people talking about efficient markets, most of whom have no idea what they're talking about. Thanks for stopping by.
Oh no, thanks to you. Your insight (manufacturing price) , humility and kindness are highly appreciated !
The daily settlement at 1:15 (NYSE time) collectively, is the measure of what you speak. That net flow drives supply and demand and thus the dynamic of the market. As you say, current value is determine by those participating actively in the markets. Right now, we are down about 5 billion (net outflow) over the last 2 months. This translates to a daily take in indexes that is relatively high.
buy and hold with a consistent volatility pumping at the end of each month will usually return more than 95% of the marketed strategies out there.