it took millions of years to reach that point and millions more to change to a more hospitable environment.
The PETM is relevant to contemporary climate change because the changes occurred over a geologically rapid 20,000 years. The recovery is estimated to have taken 120,000 to 170,000 years. The resolution of climate proxies for that time period is coarse enough to allow for a fairly large error, so maybe the perturbation took 100 years or maybe it took 100,000 years.
the majority of historic events, which have tended to be balanced in some way.
I wouldn't use the word "balanced" to describe the numerous mass extinctions and drastic changes to the chemical composition of the atmosphere and oceans. Since the biology, chemistry, physics, and geology of the Earth is all connected in one big system, there is always a response and often a "buffering" effect, but that doesn't mean that sudden, catastrophic changes haven't happened over and over and over in the past.
PETM, for example, is linked to a massive increase in vulcanism
While vulcanism is sometimes associated with climate changes (e.g. at the Permian-Triassic boundary), there is no evidence to suggest unusual volcanic activity around the time of the PETM. Researchers generally believe the changes were too rapid to be explained by this mechanism. A popular contemporary theory involves the catastrophic release of methane hydrates from ocean sediments on the continental slope possibly combined with a global conflagration and the oxidation of terrestrial organic carbon. This may have happened fairly quickly and that's why the PETM is interesting.
This means that the potential exists for the end result to be far worse than for PETM.
Estimates of the carbon addition to the atmosphere range from about 2500 to over 6800 gigatons (by comparison, today's atmosphere contains maybe 820 gigatons of carbon). The changes occurred rapidly and the consequences were dramatic.
The Wikipedia entry for the PETM has more information and links to the references my statements are based on. I'm not disagreeing with the spirit of your comment, but please get your facts straight before posting. Your comment was modded to 5 interesting and contains extremely misleading information.