S&P 500 · April 23, 2010
Eighty percent in a year off the bottom
+79.93%
trough back to the old high
284 trading days · 2009-03-09 → 2010-04-23
this undid the slide that began 2008-09-19
What happened that day?
- From the low on 9 March 2009 to the high on 23 April 2010, the S&P 500 rose 79.93% over 284 trading days
- The low was 676, back at 1996 levels
- In April the accounting rules changed so banks no longer had to mark holdings to market, shrinking reported losses
- This is also when the Fed began buying Treasuries and mortgage securities in size
- In May the bank stress test results were published, and everyone finally learned how bad the banks were. The not-knowing ended
- Unemployment still worsened until that October. Share prices turned long before the real economy
- The run was cut short by the European debt crisis
Sources
Every figure on this page is recomputed from the original daily closing prices and checked against them at build time. The account of what happened is written from the sources listed above.