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Sep 15, 2008

Lehman Collapse

Lehman Brothers filed for bankruptcy, triggering the global financial crisis. The S&P 500 would fall another 46% before bottoming in March 2009.

-46%S&P 500 to bottom

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Jun 17, 2008Lehman CollapseDec 14, 2008
±90 trading days around the event

S&P 500 Around This Event

SPY · ±90 days
Jun 17Jul 3Jul 22Aug 4Aug 13Aug 20Aug 26Sep 3Sep 8Sep 15Sep 19Sep 26Oct 2Oct 8Oct 14Oct 20Oct 24Oct 30Nov 6Nov 12Nov 18Nov 25Dec 3Dec 12$60$80$100$120$140
SPY Intraday Trading Activity

Open

$123.02

Close

$119.97

High

$125.65

Low

$119.75

Daily Change
-3.05 (-2.48%)
$119$121$123$1260M0M0M0M0M09:3010:0010:3011:0011:30
  • volumeM
  • high
  • close
09:30 — 11:55•30 of 78 candles
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Key Market Events

09:30 — Market Open
16:00 — Market Close

Circuit Breaker Levels

-7% Halt
-13% Halt
-20% Halt (Close for day)

Event Day Price

$120.09

Period High

$135.57

Period Low

$75.45

Period Change

-34.4%

What Happened Next?

1 Week Later

-3.3%

1 Year Later

+8.2%

Key Takeaway

Bottom hit March 9, 2009

“It’s human nature to do things in groups. This is extreme in markets. I’ve seen first hand large allocators who, as an organisation, seem to prefer losing money in a conventional way, than making money by themselves.”

“The market isn’t efficient or inefficient. That’s too simple. To me it’s just a thing, made up of players each of whom have different goals, different time horizons and different strategies.”

DS

David Steinberg

Founder, Marlowe

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Historical data for educational purposes only. Not financial advice.