2006-12-29 16:59:31 · 4 answers · asked by shailesh s 1 in Business & Finance ➔ Investing
That's broker-speak for "All my clients lost their asses, but I still got commissions for the selloff."
2006-12-29 17:06:32 · answer #1 · answered by lucyanddesi 5 · 2⤊ 0⤋
It almost always means that a stock that has been overvalued declines in price to a more realistic value, as measured by the price-earnings ratio. It can occasionally also mean that an under valued stock increases in price. It can also apply to price levels in the market as a whole.
2006-12-29 17:02:34 · answer #2 · answered by jxt299 7 · 0⤊ 0⤋
a correction usually refers to a drop in stock price after it has experienced a rapid rise. the inflated price may get a "correction" and drop back to a more fairly valued price.
2006-12-29 17:02:38 · answer #3 · answered by QandA 3 · 0⤊ 0⤋
just what lucy said,!!!!!!!!!!.can i get an amen??
2006-12-30 15:45:18 · answer #4 · answered by bozotexino 4 · 1⤊ 0⤋