Buy the Rumor and Sell the News Terminology?

By the time you hear about it or read about it on TV or the news, it's too late. The trades that have happened for that news announcement have been happening months in advance. You get this short term excitement from your general trader who is too late. All that's doing is pushing the market up. It's providing liquidity for people who are in it beforehand to exit their position. And then you see that kind of correction and the people that are late gets skunked out. If it retraces too much, the people that originally bought months ago, they get it at a cheaper price, and then they buy again. They're right and you're wrong. That's