It seems to me people reacting with emotion which is the absolute worse way to trade. We retail traders, do not run the stockmarket. It is the big boys (hedge funds, mutual funds, banks, brokers). If they want the stockmarket to run up, they can easily do so. With so many shorts caught with their collective pants down, all they need to do is start buying and drive stock prices higher. Guess what happens next? Shorts will be crapping in their pants scrambling to cover.
