Instead of a short squeeze where asset prices rise and blow up people with naked/levered short positions on them, it's in effect, a long squeeze, where asset pr

Instead of a short squeeze where asset prices rise and blow up people with naked/levered short positions on them, it's in effect, a long squeeze, where asset prices fall and then take a cascading fall as the result of leveraged (indebted) people trying to exit their positions. 2008 "underwater mortgages," where houses were worth less than the loans to pay for them cost was a Minsky moment. But above, the forced sale (bankruptcy avoidance) vs. profit taking a better view.