{"slug":"lehman-collapse-market-crash-2008","qid":"leh_tape","label":"LEH month-end closes, January 2007 to the September 2008 filing","post_title":"Lehman's Collapse: The 2008 Tape, Replayed","post_url":"/blog/lehman-collapse-market-crash-2008#q-leh_tape","columns":["month","month_close","vs_best_month_close_pct"],"rows":[{"month":"2007-01","month_close":82.17,"vs_best_month_close_pct":0},{"month":"2007-02","month_close":73.32,"vs_best_month_close_pct":-10.8},{"month":"2007-03","month_close":70,"vs_best_month_close_pct":-14.8},{"month":"2007-04","month_close":75.19,"vs_best_month_close_pct":-8.5},{"month":"2007-05","month_close":73.37,"vs_best_month_close_pct":-10.7},{"month":"2007-06","month_close":74.48,"vs_best_month_close_pct":-9.4},{"month":"2007-07","month_close":61.85,"vs_best_month_close_pct":-24.7},{"month":"2007-08","month_close":54.72,"vs_best_month_close_pct":-33.4},{"month":"2007-09","month_close":61.73,"vs_best_month_close_pct":-24.9},{"month":"2007-10","month_close":63.37,"vs_best_month_close_pct":-22.9},{"month":"2007-11","month_close":62.64,"vs_best_month_close_pct":-23.8},{"month":"2007-12","month_close":65.41,"vs_best_month_close_pct":-20.4},{"month":"2008-01","month_close":64.01,"vs_best_month_close_pct":-22.1},{"month":"2008-02","month_close":51,"vs_best_month_close_pct":-37.9},{"month":"2008-03","month_close":37.48,"vs_best_month_close_pct":-54.4},{"month":"2008-04","month_close":44.27,"vs_best_month_close_pct":-46.1},{"month":"2008-05","month_close":36.72,"vs_best_month_close_pct":-55.3},{"month":"2008-06","month_close":19.67,"vs_best_month_close_pct":-76.1},{"month":"2008-07","month_close":17.03,"vs_best_month_close_pct":-79.3},{"month":"2008-08","month_close":15.85,"vs_best_month_close_pct":-80.7},{"month":"2008-09","month_close":0.14,"vs_best_month_close_pct":-99.8}],"shape":"series","sql":"WITH monthly AS (\n    SELECT\n        formatDateTime(month_start, '%Y-%m') AS month,\n        round(argMax(day_close, et_date), 2) AS month_close\n    FROM (\n        SELECT\n            toDate(toTimeZone(window_start, 'America/New_York')) AS et_date,\n            toStartOfMonth(toDate(toTimeZone(window_start, 'America/New_York'))) AS month_start,\n            argMaxIf(toFloat64(close), window_start, (toHour(toTimeZone(window_start, 'America/New_York')) * 60 + toMinute(toTimeZone(window_start, 'America/New_York'))) BETWEEN 570 AND 959) AS day_close\n        FROM global_markets.delayed_stocks_minute_aggs\n        WHERE ticker = 'LEH'\n          AND window_start >= toDateTime('2007-01-01 00:00:00') AND window_start < toDateTime('2008-09-18 00:00:00')\n        GROUP BY et_date, month_start\n    )\n    GROUP BY month_start\n)\nSELECT\n    month,\n    month_close,\n    round((month_close / max(month_close) OVER () - 1) * 100, 1) AS vs_best_month_close_pct\nFROM monthly\nORDER BY month","computed_at":"2026-07-26T05:37:50.467097+00:00","elapsed":0.707038611}