At Thursday’s close, the S&P sits about 6 percent below its all-time closing high of 1,565.15, hit in October 2007.
The rollover adjusted price is 1519
Relative to now:
The US stock market peaked in October 2007, when the Dow Jones Industrial Average index exceeded 14,000 points.
The first notable event signaling a possible financial crisis occurred in the United Kingdom on August 9, 2007 when BNP Paribas, citing “a complete evaporation of liquidity”, blocked withdrawals from three hedge funds. The significance of this event was not immediately recognized but soon led to a panic as investors and savers attempted to liquidate assets deposited in highly-leveraged financial institutions.
The International Monetary Fund estimated that large U.S. and European banks lost more than $1 trillion on toxic assets and from bad loans from January 2007 to September 2009. These losses are expected to top $2.8 trillion from 2007–10. U.S. banks losses were forecast to hit $1 trillion and European bank losses will reach $1.6 trillion. The International Monetary Fund (IMF) estimated that U.S. banks were about 60% through their losses, but British and eurozone banks only 40%