Is 2008 going to be repeated?

The market is scared that 2008 is going to be repeated. I do not see that happening. The simple reason is credits are widely available to s&p companies. Junk bond yields are at all time lows and corporations are raising money in bond market to increase their cash levels. I do see share buybacks and M&A will put a floor on the stock market. I will slowly to buy on the weakness.