Gotta feel sorry for the unfortunates out there who are up to their eyes in margin calls.
Today's falls are going to trigger a whole heap of them.
So, selling begets selling .... a vicious circle of pain.
The best advice I ever received was "NEVER borrow to invest in / trade the stock market".
If it's only your own money at risk there's some pain but not financial torture.
Many of those on margin (and I know a few) have opted to top up their accounts with hard-earned cash rather than sell ... Now, with this new selling wave, and the cash kitty depleted, some will be forced to sell their shares.
So, it's double whammy = good money being thrown after bad.
The good old maxim holds true: "neither a borrower nor a lender be" (that's me)
