The indexes barely budge. Then you have many names that are already up 30%+ on year, go up even more on nothing with no ebb or flow to cover a short or position for a long without just blindly paying up for no reason. In hindsite, it was the greatest january effect set up of all time. As all the risk names went out the year at the bottom of the charts, with 50% upside to where they were in July. With the indexes back to july levels, who can fight the risk names also heading back to july levels. Even if that means many names go up 30,40, 50% on almost nothing.