There can be many reasons for people selling their holdings at the current market rates. If I needed the money I would sell too, although I am hoping I won't have to. One of the many reasons why you shouldn't invest more money than you can afford to lose, should always have enough for a 'rainy day'. Another reason could be that they are betting on further market drops and are looking to get back in at a lower price, that would be my plan anyway, as can see the market taking longer than expected to rebound. Looking forward to this time next year and hopefully a much healthier looking wallet.