Foolish retail investors won't cut their losses here. We need to understand the behavioral psychology of retail investors. The characteristic of retail investors is that they add to their positions during every bear market rally, then get trapped at the peak of the rally. Then it falls lower and lower, and they hold on stubbornly. Then there's another rally, and they buy again at the peak. They buy all the way down, then sell at a loss during the stagnant bottom consolidation range, creating the deepest value pit. This is just the beginning; even OGs (expert investors) are starting to sell. Everything is just getting started.