The market here as measured by the All Ords had reached rock...

The market here as measured by the All Ords had reached rock bottom in Feb 2009 at around 3300. In Feb 2008 it had been around 5700. Everything on the market had been savaged. From April 2009 the indexes had started to strongly recover. There was a lot of easy money being made on the market by people who had bought when there was blood in the streets. There was a strong feeling of recovery in financial assets. Thanks largely to all the stimulus that was being pumped in to the system. When Sandfire discovered Degrussa in April 2009 I think it was a good news story that was jumped upon. A casino like mentality that was beginning to develop. In conjunction with a fear of missing out on so called " easy money "

You only need a Sandfire type event to change sentiment in the specs. Its a good news story that everyone wants. The battler share holders becoming overnight millionaires etc. People then think well if it can happen to Sandfire then X.Y.or Z company could be next. So they jump on.