According to the standard story, the “Global Financial Crisis” caused stock markets to crash in 2008/9. Ideological activists have claimed that the New York Stock Exchange lost nearly half its value from May 2008 to the following March. This story is a lie. Data from November 21, 2008 to January 2, 2009 shows a huge rise in the NYSE index.

If the agitators were correct, then this graph should have gone down by 50%.

The data set appears after the fold. Please don’t look.

Tags: fallacy, gfc, global financial crisis, graph, hoax, NYSE