The S&P 500 closed 1,258.84 yesterday, it has stayed above the psychological Lehman level of 1251.70.
One Sep 15, 2008, Lehman Brother’s bankruptcy has led the quity benchmark fell 4.7%, the steepest drop since the first day of trading after the Sep 11, 2001 terrorist attacks.
The S&P 500 has fell as much as 57% from its peak in Oct 2007 to Mar 2009.