2000年股灾是否又要重演了? 不祥的感觉

Most of us old enough to have experienced 2000 stock market crash still vividly remember that the market nose dived in a very short period of time due to total loss of confidence. I have an ominous feeling that the past weekend has got the market and mass psychology into the same loss of confidence mode. Are we heading toward a cliff diving? I can't rule that out. Early this year I moved most of my portfolio into money market and bond funds just to foresee such a desparate situation. If I haven't been through the last crash, I wouldn't have done so today. I guess age has taught me good lessons.