I do feel some empathy for those who got caught trading on margin... and then had to "chase" their margin calls all the way yo the bottom. In a market like, this, don't gamble with the grocery money... that's both greedy, AND banking on getting "money for nothing."
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Sadly in situations like that you can’t have empathy for them. It will just encourage them to keep doing it again. It’s a sad harsh lesion.
I like many were also expect a correction before or on Christmas. It was long overdue and now a bunch of money that was off the table is coming back and people for most part get to enjoy the holidays.