William Mattison
William Mattison
clearly knows market past seeing whistling
I think what you're seeing is a market that is clearly overpriced. Everyone knows it's overpriced. But we've been kind of whistling past the graveyard.
catch corrects earnings happens hopefully later lets market people rally stock takes time
People are cautious. What hopefully happens is that the market corrects ... takes its time and lets earnings catch up to stock prices. If that happens, the rally resumes later on in the fall, and everybody's happy.
acting believe collection finally healthy market moment stock thinks
The stock market, believe it or not, is finally acting rationally. The market itself, which is a collection of what everyone thinks at any moment in time, is doing what it should be doing... I think it's a very healthy correction.
bids buy higher investors lower market order possession price stocks wide
Where the dealers are making a market with a wide spread, but have in their possession an order to buy stocks at a higher price than they're bid, or for a lower price than they're offering, they want the investors and the institutions to see those better bids and offers.
chasing few money seeing
What you're seeing is the same old, same old: too much money chasing too few stocks.