steve's barking at do we need the stock market

Do we need the stock market?
Do we need stocks?
We use stock to raise money for companies with IPO.
Companies raise money by issuing new stock.
These are positive things.
What companies don't need are those so called investor activist.
Why? A company needs to plan for several years, activist tend to make demands for now.

Now the way I see it most of the stock owned is secondary, meaning most stock don't do anything to help the company. (Huh) The company already has the money it needed from initial and issuing new stock.

Grafts have been made on how the stock market continues to rise dramatically over a period of  time.
I don't know. I kind of figure that it happens over stagnated period of time. (huh again)

Maybe it's just that I would have picked stocks that have tanked. Pan Am, Bethlehem Steel, Wang,IT&T(?). I guess I'm no Warren Buffet.

What ever happen to buying stock that the assets are worth more the shares of the stock?
When did the PE ratio become the value of the stock?
I'm so confused.

In conclusion we need a stockmarket. ( I didn't prove it one way or the other, so what).