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August 2007. The housing market is cracking, but experts say 'subprime is contained.' Over the next 19 months, Bear Stearns fails, Lehman collapses, the global banking system freezes, and the S&P 500 loses 57%. The hardest part: multiple false rallies fool investors into thinking the worst is over — before each new catastrophe.

Starting Capital$10,000
Total Steps15 periods
AssetSPY — S&P 500 ETF

The 2008 Financial Crisis

SPY · S&P 500 ETF · Starting capital: $10,000.00
Financial CrisisBanksSystemic RiskAdvanced
Step 1 / 15
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SPY
$148.00
Aug 2007
$154$132$109$87$64Aug 2007Sep 29Dec 2009
Aug 2007 · Warning

Housing market showing cracks. Several subprime lenders bankrupt. Treasury says: 'Subprime is contained.' S&P near all-time highs.

Your Portfolio
Cash$10,000.00
Shares0 × $148.00
Position Value$0.00
Total Value$10,000.00
P&L$0.00 (+0.00%)
Your Decision
$148.00 per trade · max buy: 67
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