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.

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Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
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