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People always panic sell for a loss during downturns. It's stupid, but they do it.
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Many people dislike Dave Ramsey (with good reason), but he does have a great quote on this: "the only person that gets hurt on a rollercoaster is the one that gets off halfway".
On the topic of credit cards, I have used one for many years but feel increasingly icky about it. I've managed to never carry a balance, and am fully conscious that the ones paying for my "free" trip are the struggling families barely making it on a month-to-month basis and carrying a balance.
I expect that reality will eventually convince me to cut my card up, but for the moment... weeeeeeeeeee