12-28-2013, 04:51 AM
I don't think it was shorting alone, but I think shorts may have been an important catalyst for a panic sell off involving a lot of longs, especially after sellers (shorts?) were able to get a big drop into the early pre-market before the exchanges got the trading halt in place and before the cc.
Even institutions that plan to buy back or buy more or buy may not want to show more in year end data, and probably see no hurry with tax loss selling and the expected basing process. We may see a better tone and some recovery after year end.
Even institutions that plan to buy back or buy more or buy may not want to show more in year end data, and probably see no hurry with tax loss selling and the expected basing process. We may see a better tone and some recovery after year end.