Future Pundit has an article citing lower brain activity after an expert gives their advice (link).
This makes some sense on a lot of levels. If a person is given a puzzle or a decision to make, and then someone else tells them how to solve the puzzle or recommends a course of action, that person is less likely to spend time thinking about the question.
As for the stock market, I think the rally phase isn't done yet, but it is getting close. A lot of shorts got burned by huge moves in popular stocks for shorting such as FSLR. The scare caused by the Treasury action got unspooked a day later by a successful auction. It is that kind of market, where markets move quickly.
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