For the same reason that Las Vegas casinos make money despite well known odds in favor of the house. Every idiot thinks he will be the one to beat the system. Anyway, Wall Street wouldn't make a dime if everyone was a buy and hold indexer - which they should be if they were smart.
He and his clients are short and getting HAMMERED by this relentless short squeeze.
There is absolutely ZERO reason for stocks to be going up, in fact, they should be crashing, but the market is what it is and he's about to get his ass handed to him as the market defies fundmanetals and logic and continues upward, possibly dramatically. We might end up with a 50 to 75% move off the bottom by the time this rally ends.
It's f*&king astounding to watch worthless stocks rally, but that's what is going on. If you are inclined to play the game, the trend is up, but the floor is going to fall out at some point and this will sell off MASSIVELY!
Be very careful short or long, this is a dangerous tape......