The ones that are really hurting are those that mortgaged homes or took out credit card debt. Almost said or worse took out credit card debt, but if you walk away from your unsecured debt it's not the end of the world. If you stop paying a mortgage you can't afford that is a major life changer.

The key is to many people trade with emotion vs logic. They have a very bad habit of buying high and then selling low.

For all the bad press financial advisors get they serve a purpose and that is to help keep people from following their emotional trading ideas.