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Oct 17, 1973

Oil Crisis

The OPEC embargo sent oil prices soaring 300% and crashed the stock market. The S&P 500 lost 48% over the next two years.

-48%S&P 500 over 2 years

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You'll get $100,000.00 to invest starting Oct 17, 1973. Buy stocks at real historical prices and see how you'd do.

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Jul 19, 1973Oil CrisisJan 15, 1974
±90 trading days around the event

S&P 500 Around This Event

GSPC.INDX · ±90 days
Jul 19Jul 26Aug 3Aug 13Aug 21Aug 28Sep 6Sep 13Sep 21Sep 30Oct 7Oct 12Oct 21Oct 29Nov 5Nov 12Nov 19Nov 28Dec 5Dec 12Dec 20Jan 1Jan 15$90$96$102$108$114
GSPC.INDX Intraday Trading Activity

Open

$153.40

Close

$162.20

High

$164.90

Low

$151.32

Daily Change
+8.80 (5.74%)
$150$155$160$1660M0M0M0M0M09:3010:0010:3011:0011:30
  • volumeM
  • high
  • close
09:30 — 11:55•30 of 78 candles
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Key Market Events

09:30 — Market Open
16:00 — Market Close

Circuit Breaker Levels

-7% Halt
-13% Halt
-20% Halt (Close for day)

Event Day Price

$109.97

Period High

$111.44

Period Low

$92.16

Period Change

-11.6%

What Happened Next?

1 Week Later

-1.5%

1 Year Later

-38.8%

Key Takeaway

Recovery took until 1980 in real terms

“It’s human nature to do things in groups. This is extreme in markets. I’ve seen first hand large allocators who, as an organisation, seem to prefer losing money in a conventional way, than making money by themselves.”

“The market isn’t efficient or inefficient. That’s too simple. To me it’s just a thing, made up of players each of whom have different goals, different time horizons and different strategies.”

DS

David Steinberg

Founder, Marlowe

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Historical data for educational purposes only. Not financial advice.