Yes, lots of people were. The market closed down 6 days in a row which almost never happens. There's no major collapse like 2008, just a powerful catalyst that led to a fast correction of 10% from all-time highs and released a lot of downward pressure.
Yeah the market is near all-time highs all the more reason there's going to be significant downward pressure. There's been no major economic collapse but China's industrial output is near record lows as evidenced by the air quality.
