[Toddsterpatriot]

Was this because retail investors are inherently less panicky

I think partially. Also, retail investors have jobs and lives. They can't drop it all to worry about their 100% safe (not really) money market funds. The insiders do nothing but worry and are more likely to panic.

[wideawake]

I concur. Retail investors are the last to react, or simply don’t react, because they are not staring at realtime screens of securities all day long.

[happyathome]

makes sense