IF Europe and Greece sh** the bed this year or if the economy tanks. I don't think it would be as bad as the 2008-2009 crash.

The main reason is that hedge funds/money managers are no longer as leveraged as they were back in 2008-2009. The steep drop in commodities prices and stock prices showed us that it was a bunch of mass selling.

If you look at the market today, there is huge amount of cash on the sidelines in the money market funds or bonds. Banks and funds are not as leveraged to equities or commodities as before.