"A fund manager said he is short the education stocks at the IRA sohn event. Whole group is dwon. Lots of lemming managers riding coattails because they cant generate their own ideas. Nothing fundamental has changed. I would expect a bounce near-term."
You nailed it. Lemming managers. And bottom-feeding momentum players. The drooling mob, so to speak.
The shorts in the last two days have come rushing out in droves. Like cockroaches. Nothing signals a turn like the massing of the short cockroaches on the financial message boards...