Big board down big time. Margin calls going out. Lots of people out there essentially tapped out because they have all lines of credit exhausted.
Even if you don't have this issue on the margin the decline of others necessitates some form of action.
Look at it this way. Great day NOT to be a broker. Sure you get the commission from the sales butttttttt making margin calls is not the way onto your client's Christmas card list. Especially if you have to sell and later this does as well as we all anticipate which is to appreciate rapidly.
Onward and Upward