What We Can Learn from October 10, 2008

Podcast: Commercial Real Estate Investment Conference Podcast (CREIC) · Commercial Real Estate Investment Conference

Opublikowano: 2026-10-10

October 10, 2008 facts and actionable insight: Dow 1,018 point intraday swing (first 112-year history). Weekly loss 1,874 points (18.15%). S&P 500 at 899.22 (down 42.5% YoY). Investors lost $2.4 trillion that week, $8.4 trillion year-to-date. Morgan Stanley -22% day, Goldman -12%, insurance -19% week, GM lowest since 1950. VIX 76.94 (only 1987 match). Global: London -8.85%, Frankfurt -7%, Paris -7.73%, Tokyo -9.6%. Trading halted Russia, Indonesia. CRITICAL LESSON: Stock market volatility was symptom, not cause. Real crisis was credit freeze. Three-month dollar Libor hit year highs. Interbank lending locked. Banks stopped lending to each other. Nobody knew counterparty solvency. That's when panic accelerated. KEY TAKEAWAY FOR INVESTORS TODAY: D...