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With stocks selling off as rapidly as 1987, some analysts wonder if they can bounce as fast too

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Market strategists looking for historic similarities are finding some with 1987, though the causes for the sell-off are nothing alike.

"In 1987, the decline took longer but from when it really started cascading lower, it only took 10 days," said Matt Maley, equity strategist at Miller Tabak. The market top was in August, 1987.

"In both cases, the economy was at or near full employment and generally healthy going into the crash. Both suffered severe and amazingly quick collapses and… both have very similar patterns leading up to and during the crash. After the 1987 capitulation, there was also widespread calls for an imminent recession as there are today," he said in a note.

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