SAN DIEGO (TheStreet) -- I've read and watched and listened to countless market pundits (me included) pontificate about what this market decline is all about and how it will end.
I have no idea how it will end. Bulletin: Neither does anybody else. But as we watch momentum-in-reverse, as I like to call it, there's something else at work here: There don't appear to be natural buyers for many of these stocks. In fact, if I look at my screen (which I included in this tweet) some of those that have been squeezed up the most are among those hitting hardest.
Topping the list: Education Management (EDMC) , off 67%. That may not be the best example, but then right below it: 3-D Systems (DDD) - Get 3D Systems Corporation Report,Conns (CONN) - Get Conn's, Inc. Report, NeuStar (NSR) , Nu Skin (NUS) - Get Nu Skin Enterprises, Inc. Class A Report, Groupon (GRPN) - Get Groupon, Inc. Report, Overstock (OSTK) - Get Overstock.com, Inc. Report and ITT Education (ESI) - Get Element Solutions, Inc. Report. Others in the top quadrant include Best Buy (BBY) - Get Best Buy Co., Inc. Report, Potbelly (PBPB) - Get Potbelly Corp. Report, Twitter (TWTR) - Get Twitter, Inc. Report, Stratasys (SSYS) - Get Stratasys Ltd. Report, Herbalife (HLF) - Get Herbalife Nutrition Ltd. ReportAmazon (AMZN) - Get Amazon.com, Inc. Report and Ubiquiti (UBNT) .
The list goes on and on.
Reality: As this market has been spiraling higher one of the warnings from the likes of me, my colleague Doug Kass and a bunch of others who have been laughed off the stage: When you squeeze out the shorts, you may get that pop, but beware of what you wish for because the natural buyers will be gone -- and stocks will fall in a vacuum.
-- Written by Herb Greenberg in San Diego
Herb Greenberg, editor of Herb Greenberg's Reality Check, is a contributor to CNBC. He does not own shares, short or trade shares in an individual corporate security. He can be reached at firstname.lastname@example.org.