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I think the problem with the stock market is that it isn't tied to real results. Part of this would be that BoA dropped because of some 'rumor', and I don't think that is right. Companies shouldn't be able to hype things they might do either.
But, the investors are the ones pushing for the stock to go up, or at least they will only invest in companies that are going up at a fast rate. One way to do this is to cut corners and have 'bad' business practices. And when something like the BP oil spill happens, the investors that wanted BP to make a few pennies (which then caused the accountants at BP to look at their spreadsheets and say that we could save some money here, don't over-engineer it) should be penalized as well.
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