RE:RE:Bare Minimum…3 Major Bidding WarGM, it is actually the market specialists who provide liquidity to the markets. The day traders are just a side show, they artificially inflate and deflate prices in order to profit off the swings.
In the zero hour (the final upward push right before the trading halt announcing a buyout) they do provide some value to the markets and investors, otherwise they add little to no value.