SEC Follow Up Exhibits Part C SEC_OEA_FCIC_001760-2501

November 21, 2008
The top graph in Figure 14 shows the intraday movements of the S&P 500 index on
November 21, 2008. On this day, the index rose precipitously in the final hour of the day,
rising 7.29% between 2:59:09 and 3:59:54. Some commentators linked this market move
to reports that
President-Elect Obama would nominate Timothy Geithner as Treasury
S
ecretary. 6
N ovember 14, 2008
The bottom graph in Figure 14 shows the intraday movements of the S&P 500 index
on
November 14, 2008. This was a particularly volatile day, with the index declining
roughly 4.1% between 9:57 and 12:18, increasing more than 5.4% between 12:18 and
3:00, and then decreasing nearly 4.9% in the last hour of trading.
6 “Geithner talk gooses stocks,” Alexandra Twin, CNNMoney.com, November 21, 2008.
20
DRAFT: Produced by OEA
SEC_OEA_FCIC_001821