Not wanting to spoil anyone's party, but in the context of the Grand Bear market of that time, and it certainly was a Very Grand Global Bear Market, the demise of Lehman Brothers was by no means the most important event, and it happened quite late on the timeline as well. Today, books have been written and the event features in a number of documentaries, while the question "Where were you when Lehman went bankrupt?" sits right up there with 9/11, the fall of the Berlin Wall and the death of Elvis Presley.

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Not wanting to spoil anyone's party, but in the context of the Grand Bear market of that time, and it certainly was a Very Grand Global Bear Market, the demise of Lehman Brothers was by no means the most important event, and it happened quite late on the timeline as well. Today, books have been written and the event features in a number of documentaries, while the question "Where were you when Lehman went bankrupt?" sits right up there with 9/11, the fall of the Berlin Wall and the death of Elvis Presley." in the context of "Rudi Filapek-Vandyck, founder and Editor of FNArena, a major supplier of supplier of financial, business and economic news, analysis and data services for small and large investors dealing with the Australian Stock market, in an article entitled Ten Years On, The World Is Still Turning, published in LiveWire's October 3 2018's online edition." to mean that wisdom is timeless.