[torero]

Unexpected events do happen. I don't think they saw the subprime problem and hasn't happened in a long long time (I may be mistaken here) due to laxed legislation over the industry. I think credit liability has never been this extended. Be that as it may, even it comes to crashes or mini-crashes, many strategies don't take this into consideration to minimize the damage. LTCM was caught in a tech bubble burst, something that's happen before but not 9/11 to push it down further. The other issue is size, elephants can't drop pop without others smelling it, especially dung bettles. It takes a while to unload else others will catch on and make the situation worse. So instead of 30%, could be 50% or more.