how high was the stock market in 2009

by Dorcas Pfannerstill Published 3 years ago Updated 2 years ago

8,885.65

Full Answer

What is the worst stock market crash?

The worst stock market crash in history started in 1929 and was one of the catalysts of the Great Depression. The crash abruptly ended a period known as the Roaring Twenties, during which the economy expanded significantly and the stock market boomed.

Which shares to buy now?

November 2021

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Is the stock market really overvalued?

Is the stock market really overvalued? “The stock market is significantly overvalued according to the Buffett Indicator,” said the researchers at GuruFocus. “Based on the historical ratio of total market cap over GDP (the aforementioned 204.4%), it is likely to return -3.3% a year from this level of valuation, including dividends.”Jun 30, 2021.

Is the stock market open or closed?

which is open on most federal holidays, will also be closed. Market Watch reported that financial markets will be closed on Thanksgiving Day and reopen the day after Thanksgiving, however, stock ...

How much did the stock market crash in 2009?

The DJIA hit a market low of 6,469.95 on March 6, 2009, having lost over 54% of its value since the October 9, 2007 high The bear market reversed course on March 9, 2009, as the DJIA rebounded more than 20% from its low to 7924.56 after a mere three weeks of gains.

How much did the stock market drop in 2008 and 2009?

Much of the decline in the United States occurred in the brief period around the climax of the crisis in the fall of 2008. From its local peak of 1,300.68 on August 28, 2008, the S&P 500 fell 48 percent in a little over six months to its low on March 9, 2009.

How high was the stock market before it crashed in 2008?

The Dow bounced around 11,000 until September 29, 2008, when the Senate voted against the bailout bill. 17 The Dow lost 777.68 points during intraday trading.

How long did the stock market crash of 2008 last?

From October 6–10, 2008, the Dow Jones Industrial Average (DJIA) closed lower in all five sessions. Volume levels were record-breaking. The DJIA fell over 1,874 points, or 18%, in its worst weekly decline ever on both a points and percentage basis. The S&P 500 fell more than 20%.

How long did it take stock market to recover after 2008?

The S&P 500 dropped nearly 50% and took seven years to recover. 2008: In response to the housing bubble and subprime mortgage crisis, the S&P 500 lost nearly half its value and took two years to recover. 2020: As COVID-19 spread globally in February 2020, the market fell by over 30% in a little over a month.

How long did it take to recover from 2008 recession?

Real GDP bottomed out in the second quarter of 2009 and regained its pre-recession peak in the second quarter of 2011, three and a half years after the initial onset of the official recession.

Will the stock market crash 2022?

The Bottom Line There's no way of knowing if the stock market will crash in 2022. While there are absolutely concerning indicators, there are also signs of strength in the underlying economy. Wise investors should keep investing for the long run and stick to their overall financial plan.

How much has the stock market dropped in 2022?

The S&P 500 index edged 0.9 percent lower Thursday to bring its 2022 losses to 20.6 percent. The tech-heavy Nasdaq, which fell 1.3 percent, has tumbled nearly 30 percent this year, while the Dow Jones industrial average's 0.8 percent drop put its year-to-date decline near 15 percent.

Are we in a bear market 2022?

In 2022 stock investors suffered their worst start to a year since 1970, with the S&P 500 falling 21 percent during the first half of 2022. The widely tracked stock market index fell into bear market territory on June 13 after closing more than 20 percent below its high reached in early January.

How long will it take for stock market to rebound?

Frank says the average bear market lasts about 9 months, but it takes much longer to recover what was lost. "If the next years are average, you're probably looking at 3 to 4 years out to get back," he says. "But that's not a guarantee, that's a long-term average."

What caused 2008 market crash?

The stock market and housing crash of 2008 had its origins in the unprecedented growth of the subprime mortgage market beginning in 1999. U.S. government-sponsored mortgage lenders Fannie Mae and Freddie Mac made home loans accessible to borrowers who had low credit scores and a higher risk of defaulting on loans.

What was the biggest stock market crash?

The stock market crash of 1929 was the worst in history, as the market fell 89% from its peak.

How much would I have if I invested $100 in the S&P 500 in 2009?

If you invested $100 in the S&P 500 at the beginning of 2009, you would have about $558.17 at the beginning of 2021, assuming you reinvested all dividends. This is a return on investment of 458.17%, or 15.41% per year .

What is the return on investment of $100 in 2021?

The nominal return on investment of $100 is $458.17, or 458.17%. This means by 2021 you would have $558.17 in your pocket. However, it's important to take into account the effect of inflation when considering an investment and especially a long-term investment.

What was the average income in 2009?

The top two biggest box office hits were “Harry Potter and the Half-Blood Prince” and “Ice Age: Dawn of the Dinosaurs.”. The average American income was $39,423.

What was the Dow Jones low on March 9th?

Investors who feared holding stocks over the weekend continued to sell on Friday, March 9, sending the Dow to an intraday low of 6,469.95, roughly a 54.4 percent drop from the Dow’s 2007 high point. Fortunately, that price marked the low point of the crisis for Dow investors.

How much did Wal Mart pay in 2009?

Wal-Mart (NYSE: WMT) increased its earnings from $3.42 per share in 2008 to $3.66 in 2009. The dividend went up from $0.93 per share in 2008 to $1.06 in 2009.

How much did Lorillard's earnings per share increase in 2008?

This allowed investors to see an immediate earnings per share increase from $1.72 in 2008 to $1.92 in 2009.

How much did IBM make in 2008?

IBM, which got clobbered during The Great Depression, survived much better this time around. From 2008 to 2009, IBM actually grew its earnings from $8.93 to $10.01 and jacked up the dividend from $1.90 to $2.15 per share.

How much did McDonald's pay in 2008?

During the crisis, McDonald's grew its earnings from $3.67 in 2008 to $3.98 in 2009. The dividend went up from $1.63 in 2008 to $2.05 in 2009. McDonald's is yet another company that, from the perspective of a shareholder, there appeared to be no recession.

What was the second worst economic crisis in history?

With all due respect to the terrible economy of 1973-1974, The Great Recession of 2008-2009 has found its place in history as the second worst economic catastrophe to hit the United States in the past century, trailing only The Great Depression.

Why did the stock market sell for 25 cents in 2009?

It means zooming from 25 cents to $30. That's right, on March 9, 2009, these shares sold for just 25 cents each because the company was massively indebted. Conditions to renegotiate or roll over debt were desperate, threatening the existence of this business and many others.

How much did Amazon lose in 2009?

The company went from a $129 million loss in the fiscal year that ended February 28, 2009, to a $100 million profit two years later.

How much did Kodiak lose in 2011?

Kodiak shares have gone from 18 cents to $9.56. The story at Atlas Energy was similar, but the company sold a good portion of its business to Chevron in 2011. However, both companies are now selling for premium prices (Atlas at $27.74) and both lost money in the fourth quarter of 2011.

Why did the stock market crash in 2008?

The Dow Jones Industrial Average fell 777.68 points in intraday trading. 1 Until the stock market crash of 2020, it was the largest point drop in history. The market crashed because Congress rejected the bank bailout bill. 2 But the stresses that led to the crash had been building ...

When did the Dow go up in 2009?

Soon afterward, President Barack Obama's economic stimulus plan instilled the confidence needed to stop the panic. On July 24, 2009, the Dow reached a higher plane. It closed at 9,093.24, beating its January high. 34 For most, the stock market crash of 2008 was over.

What was the Dow's intraday low in 2008?

The Dow dropped to an intraday low of 11,650.44 but seemed to recover. In fact, many thought the Bear Stearns rescue would avoid a bear market . By May, the Dow rose above 13,000. 1 It seemed the worst was over. In July 2008, the crisis threatened government-sponsored agencies Fannie Mae and Freddie Mac.

Did the Dow Jones crash cause a recession?

Like many other past stock market crashes, it did not lead to a recession. The correction ended in August 2018, and the Dow ended 2018 at 23,327.46. 39 In 2019, it set a record of 27,359.16 in July. 40 It then began declining due to concerns about trade wars initiated by President Donald Trump. 41 .

Overview

The US bear market of 2007–2009 was a 17-month bear market that lasted from October 9, 2007 to March 9, 2009, during the financial crisis of 2007–2009. The S&P 500 lost approximately 50% of its value, but the duration of this bear market was just below average, allegedly due to extraordinary interventions by governments and central banks to prop up the stock market.

Opinions regarding the cause

During the bear market a heavy debate ensued as to whose fault the falling market was. The political parties were heavily divided during this period. For the most part there were three camps: ones that simply blamed the economy, others that wanted to pin the passing Bush Administration and others that wanted to push the blame on the newly arriving Obama Administration.
In February 2007, a coming recession and bear market was predicted by Paul Lamont due to a g…

Finding a bottom

President Obama on March 3, 2009 said "What you're now seeing is profit-and-earning ratios are starting to get to the point where buying stocks is a potentially good deal if you've got a long-term perspective on it," probably meaning price-earnings ratio. Many stocks were trading at low P/E levels despite first quarter strong earnings. On the same day, David Serchuk of Forbes magazine says he feels that the market will turn around when housing prices stabilize and oil prices rise ag…

Building a technical bull

On Tuesday, March 10, Vikram Pandit the CEO of Citibank, said that his bank has been profitable the first two months of 2009 and was currently enjoying its best quarterly performance since 2007. On March 12, Ken Lewis, CEO of Bank of America, declared that bank had also been profitable in January and February, that he didn't foresee the bank needing further government funds, and that he expected to "see $50 billion in 2009 pre-tax revenue". The announcements ca…

Bonds

U.S. government bonds did well, especially longer terms. Yields dropped during this time period, part of a long-term bull market. High-grade corporate bonds and muni bonds also performed well. However, high-yield bonds had very bad performance, although they turned up coincident with the bull market in stocks.

Other markets

The Nikkei 225 average went from 18,262 on July 9, 2007 to 7,055 on March 10, 2009. However, the yen also went up 24% compared with the U.S. dollar during this time.
The FTSE 100 went from 6,731 on October 12, 2007 (and 6,698 in July) to 3,512 on March 3, 2009 (about 48%). However, the pound sterling went down about 28% during this time (thus about 62% overall).