Crash · DAX Index (2008)
Replay the 2008 DAX crash from May 16 to December 3, a brutal 144-day stretch where the index fell 36.2% with a peak drawdown of 42.9%. Step into 25 decision points, make your calls, and receive an AI coach review of your reasoning—simulated capital, purely educational.
144 daily bars · 25 decision points · 2008-05 to 2008-12 · Stocks
Key facts
This window spans 201 days with a peak-to-trough drawdown of 42.9% and a 22.9% run-up.
- Max drawdown
- −42.9%
- Max run-up
- +22.9%
- Duration
- 201 days
- Largest single-day move
- +11.4%
- 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
The DAX Index in May 2008 stood at the precipice of one of the most turbulent periods in modern financial history. As the summer unfolded, the aftereffects of the US subprime mortgage crisis began spreading across global markets, and European equities faced mounting pressure. The German blue-chip index, which had been trading near historic highs, was about to confront a reckoning that would test every investor's conviction and risk management discipline through the end of the year.
From May 16 to December 3, 2008, a span of 144 daily bars, the index fell from 7156.55 to 4567.24, a loss of -36.2%. The maximum drawdown reached 42.9%, meaning peak-to-trough losses approached nearly half the portfolio's value. The largest single-bar move hit 11.4%, underscoring the violent intraday and daily swings that characterized this era. This was not a gradual erosion but a series of cascading drops punctuated by sharp reversals, as the collapse of Lehman Brothers in September amplified panic across European markets.
This replay places you inside 25 decision points, 9 of them critical junctures where positioning and risk control meant the difference between recoverable setbacks and catastrophic losses. The episode teaches that process matters more than prediction: volatility of this magnitude punishes leverage, crowd-following, and emotional decision-making. Studying this crash hones your ability to size positions, respect drawdown limits, and maintain clarity when markets move in ways that defy normal expectations.
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