Revisiting the Global Financial Crisis

September 5, 2018

The long fall of 2008

  • September 2008 began with an ominous start as Fannie Mae and Freddie Mac were placed into government conservatorship and single-family mortgage delinquencies more than tripled from their low point in 2006.
  • Market volatility increased in October to levels not seen since the Great Depression.
  • Attempts to time markets can be painful unless an investor has perfect foresight, and the historic volatility of Fall 2008 could have increased the penalty for poor timing decisions.

Read how it unraveled from there in the full commentary, with charts and a review of the status of the markets a decade ago.