That is the $64k question. My 2cents: The big money is riding the back of this and manipulating it - they got short and waited for the trigger event to capitalize on. The panic selling and stop triggering allowed them to, after a few cycles, get flat again. They may be long - not sure. When they are comfortably long -the price will rise again. But I thought the drop would be a lot less than this, so I'm just as likely to be wrong. LOL.
We cannot quantify COVID-19 it kills young and old, people do NOT recover after a mild 'flu. Better to overreact and people can blame you when they are still alive. 95% of people are stupid and do not know how to react wisely. We are people who have made enough cash to be able to trade, so let's not throw that all away by being incautious and shopping with the stupids. When their stupidity has killed most of the health professionals along with their elderly relatives, how will they fare?
Market low coming in May most likely. On Sunday open, will likely be limit down, and crashing this week. I'm short Nasdaq from 7255 on Friday. My 32 year cycle analysis shows the low in May.
Not sure how repo would do anything with shorts, the whole idea is that you have to have the asset to borrow money against which you wouldn't if you were short? Not to mention it's super short term and not available to institutional investors.