Key Dates of SPY500 During the GFC Event Approximate Date Details 🟩 Initial Peak 2007-10-09 S&P 500 reached 1,565.15 — all-time high before the GFC. 🟥 Bear Market Begins Late Oct 2007 Slow decline started post-peak. 🟨 Bear Market Confirmation 2008-01-09 to 2008-03-17 ~20% drop from peak by March 2008. March 17, 2008 = Bear Stearns bailout . 🟨 Short-term Bottom 2008-03-17 Low of ~1,256 before minor rebound. 🟩 Bear Market Rally / 2nd Peak 2008-05-19 to 2008-06-05 S&P 500 rallied to ~1,428, failed to recover full highs. 🟥 Major Leg Down Begins 2008-09-15 Lehman Brothers collapsed . Market plunged rapidly. 🟥 Panic Selling Bottom 2008-11-20 S&P 500 hit ~ 752 , down ~52% from Oct 2007 peak. 🟨 Bear Rally / Relief Rally 2008-12-08 to 2009-01-06 Short-term bounce to ~935. 🟥 Final Leg Down 2009-01-06 to 2009-03-09 Continued decline to new low. 🟩 GFC Bottom 2009-03-09 Lowest close: 676.53 . Start of long-term recovery. 🕰 Breakdown by Phases: Phase Start Date End Da...
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