And inflation of stock prices can be caused by too much money chasing too few stocks.
There was too much money chasing too few stocks.
But chasing stocks after a nearly 20 percent spurt doesn't feel right, either.
The trick may be not to chase stocks like Entremed.
They shouldn't chase hot tips or hot stocks.
Individual investors often chase stocks after important developments have been priced into shares.
"Investors were chasing stocks that came out with earnings last week, but they're late to the party."
He said a financial disaster "would start with Wall Street because you've got too much money chasing too few stocks."
From time to time, people make excuses to chase stocks.
All that is a problem because too many American dollars can end up chasing too few foreign stocks.