Is there fear out there

The fear is rising in the US. Here with the ASX200 at

4:07pm

4,014.300

-68.000

-1.67%

down from 4266.9 or 6.3% drop
15 days below the 50 day MA
this could be good for a drop down to the 200 day MA which is still rising. Is destiny 3875?
At this point only those who have entered market in last four months are under water.
Westfield 15.99
Telstra 5.04