Many "dip" stock buyers have been lured into buying more stocks as the bear market rallies continue, The market starts moving up and many are drawn into the "Siren of the Sea". Unfortunately and in short order, the markets fall back to even lower levels.
I love good news is bad news in the current environment. It is a growing trend. Why? It results in good companies at reasonable prices. Better still, companies with bad news get really pummeled into the ground.