I DO think the bears/shorts out there look for a little overexuberance and try to take advantage of it. They've got access to the exact same information we do (or more) and they're probably monitoring it more closely than anyone. They saw an opportunity and took it. It also helps that most of them are probably not playing with their own money. Much easier to stay unemotional and pragmatic on something when it's someone else's dollars at risk.
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