An indie film insider offers a theory for why so few films sold at this year's Sundance Film Festival. Jonathan Dana, who has run indie companies and produced movies, calls it the "dumb money" glut.

In a nutshell, Dana says that in the last couple years, a deluge of money has been poured into too many middle level, but still risky indie films, that sport a Hollywood star or two — "with a bias towards 'getting the deal done' with fewer check and balances than the traditional route."

The poor judgment and glut that resulted led to several of last year's Sundance films tanking, and investors have become wary.

"But what the hell," Dana says, "we all love it anyway, and every time someone pulls the trigger something wonderful might happen. That's the great mystery, and I think the great aspiration. I just hope the hangover won't be too severe this time."

For a list of Sundance awards and reviews go here.