MOMO No Mo?

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...

 

 

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...

 

 

Of course, now that the "most shorted" is underperforming so strongly, there is ammo for yet another squeeze higher.