Could 1987 Happen All Over Again? The correct answer is who knows? However, Michael Eastham believes that there’s at least a possibility. The real problem is could 2009 happen again? No one knows the future, but at least be prepared because anything can and will happen. Take some money off the table. Partial liquidation of profitable holdings is a good idea at this point in the market. What will happen if tax reform doesn’t happen? The market could take a major hit.