Are we overreacting to the "market freefall"? Genuine question. And no I don't like what brought us here either but I want to know if I'm just ignorant.

Disclaimer, I know extremely little about this. So I'm just looking for opinions from people who are looking at everything from a place of experience. I am not trying to come off as tone deaf to any hardworking people here who has lost any sense of stability in their finances right now are feeling.

The news is freaking out. Everyones freaking out...... once the market stops dropping isn't it all just going to .... go back up again? I mean. Eventually?

Look yes, the tyrant is tyranting. He is acting like a fool. I understand all of that. I remember 2008 was really bad and we started going back up in 2011 and the market is insanely higher than its ever been over the last 30 years like am I missing something? Is this (in the large scope of it all) any different?