, or just missing something?

"Irrational exhuberance"...Alan Greenspan; and it works both ways.

Prolonged lows also means "under the radar" accumulation by our "Usual Suspects". It's a shell game.

Same crooks selling at the highs have used their profits to sell light into the bid while slowly accumulating behind the scenes. Wash, rinse, repeat.

Nothing new here though. That's the way it's played.