Well, history does tend to repeat itself.
Oh, and for all those conspiracy theorists: Hindsight is 20/20. Tell us exactly when it's going to happen BEFORE it happens.
Hindsight is looking at historic events. Being able to tell about an event BEFORE it happens is FOREsight. (grammar police at your service).
I think my grammar worked. What I intended to say is that conspiracy theorists and climate change (formerly known as global warming) advocates are quick to point to past events as evidence to support their theories. However, they lack any ability to predict that these events will definitely occur in the future at a certain time under certain circumstances.
It all boils down to a very powerful statement by the SEC: Past performance does not necessarily predict future returns, but it may give you an indication of volatility.