Simple emotions are at work.Investing or even trading is about...

Simple emotions are at work.
Investing or even trading is about buying cheap when most are in panic and selling at euphoria when most are buying.
It is the lemmings that are diving of the cliff.
Buyers are withholding to buy even cheaper.
ASX have nothing to do with emotions.

I am only sorry for those that have to sell for living expenses.
The rest are doing what comes natural and I expect that they will regret it soon.
You don't make money by selling an unrealized loss if there is a very good chance of a profit soon.