Twenty years of changes and the 87 crash in a nutshell

It is funny how many so called gurus are always gurus after the war and not before. As the saying goes: "everyone is general after the war". Something what always surprise me is the saying: "Forget xyz, this time it is different". It is not different and it wont be different as long as human nature will not shift radically and that wont happened any time soon. Here is the article comparing 87 and 07 crash and more importantly nice infographics about 87crash.

source: ritholtz.com