You guys don't get it. All these posts about "the shorts" - these are HFT algos, not people. There won't be a herd panicking, unless computers learn how to panic. The moves are programmed trading, not mustache-twirling bad guys and their henchmen.
"Nowadays, the difference between someone who understands the impact of HFT in trading and someone who relies on methodologies developed in the 1950s and 1960s, is like the difference between someone who is using Google to find a book and order it to have it next day and someone who instead chooses to take the bus and visit a library, only to find out that someone else has borrowed it for the next two weeks."