I think that's the main thing. We don't get surges of newcomers on VIX spikes/market lows either.
Sentiment is certainly running a little hot today. ISEE equity in the 200s, blogger sentiment nearly 2 to 1 bulls. Insider selling spiked at the end of last week. Also lots of talk about the need for underperforming money managers to chase into year end. One more upward surge and I'll sell SSO calls again.
Double kamikaze here. Re-entered short NFLX before earnings. Also added to JCP making it now 8% of my long book. It is now my largest long position in the long/short portfolio and hitting the limit of the max allocation I will make to it.