War · DAX Index (2001)
From May to December 2001, the DAX fell 17.7% through 144 turbulent daily bars marked by policy shocks and 8.5% single-day swings. In this FinFable replay you walk the sessions one click at a time, face 25 decision points, and receive AI coach review of your simulated choices.
144 daily bars · 25 decision points · 2001-05 to 2001-12 · Stocks
Key facts
This window spans 201 days with a peak-to-trough drawdown of 39.3% and a 39.2% run-up.
- Max drawdown
- −39.3%
- Max run-up
- +39.2%
- Duration
- 201 days
- Largest single-day move
- −8.5%
- Bars
- 144 Daily bars
- Decision points
- 25
Every figure above is computed programmatically from this replay’s own candle series — no editorial input, no LLM. Methodology: Methodology
The market advances day by day. You only see candles up to the current day — as if you were really there.
At key decision points choose Buy / Trim / Exit / Hold. Each decision advances the timeline by one day.
After settlement you get a six-dimension score and an AI coach review. Your result enters the scenario leaderboard.
Event Replay
What happened — and what it teaches
In May 2001 the DAX Index traded near 6123 points on the Frankfurt exchange as the world entered a period of profound geopolitical uncertainty. The 2000s had already brought the dot-com unwinding, and by late summer the specter of terrorism was reshaping global risk sentiment. For investors holding European equities, the question was not merely directional but existential: how to navigate a market where policy shocks could strike without warning and single sessions could wipe out weeks of careful positioning.
From May 31 to December 18, 2001 the DAX fell 17.7% to close at 5039.64 across 144 daily bars. The journey was far more violent than the final number suggests: a maximum drawdown of 39.3% tested portfolios severely, and the largest single-day move reached 8.5%. Nine of the 25 decision points scattered through the replay were flagged as critical, demanding traders either act decisively or endure compounding losses. Policy announcements and risk-off waves alternated rapidly, punishing anyone who had anchored to short-term momentum.
This replay distills a lesson in process over prediction. The index did not fall in a straight line; surviving it required disciplined sizing, emotional regulation during drawdown, and the humility to recognize that uncertainty itself can be the dominant market signal. For trainees, the value lies not in guessing the next headline but in building the habits that keep a portfolio intact when headlines turn hostile. In historical crisis replay, the cost of hesitation is made visible, turning abstract risk theory into lived experience.