couple years ago, in the midst of a bear market that continued for 5 more months mind you, there was a big flush on a day with a major late-day event that effected bond yields. on that day there was an earthquake in japan and a tsunami scare as well. when the event came, and everyone thought it would be awful, there was a huge, sharp market rally that blew up a lot of shorts.
all i'm saying is that i'm getting deja vu. that's all i'm saying.
https://www.youtube.com/watch?v=cii6ruuycQA 