A funny thing happens when the free-money liquidity-train stops calling... it seems the post-euphoric realization that a taper is inevitable (or at the least lower growth than anyone expects is likely) is wearing on those that could do no wrong until just last week...
[3]
Last week's dramatic short-squeeze appears to have flushed the (forced) sellers from the market and left the market to auction down to levels at which there is a bargain to be struck...
[4]
Of course, now that the "most shorted" is underperforming so strongly, there is ammo for yet another squeeze higher.