There is gloom out there, but no panic. Reason you know that is that 30 year bonds, while off from the first hour sell off, have come back a little. Long bond went from 133-8 to 131-7 and is back up a little.
This means people still view bonds as “safe” or at least safe relative to stocks. You won’t see panic till you see nothing but cash... AND people piling into precious metals because everything paper is on fire.
We have a ways to go yet.
I think I’ll put what’s left of my 401-K in lottery tickets.