2008 was more of a housing bubble. I think this crash looks a lot more similar to 1999 - when valuations were ridiculous (see: <a href="http:&#x2F;&#x2F;assets.bwbx.io&#x2F;images&#x2F;iIS_j8I_fYlI&#x2F;v2&#x2F;-1x-1.jpg" rel="nofollow">http:&#x2F;&#x2F;assets.bwbx.io&#x2F;images&#x2F;iIS_j8I_fYlI&#x2F;v2&#x2F;-1x-1.jpg</a>) and people were borrowing money like crazy to invest in an insane bull market.