Index

Number of Breaks

Break Date Detected

Reason

S&P 500

4

26-01-2000

16-04-2003

29-08-2007

15-09-2010

The internet bubble

Post-internet bubble bursting impact

Global Financial Crisis

Bull rally after global financial crisis

FTSE 100

4

09-02-2000

23-04-2003

29-08-2007

08-09-2010

The internet bubble

Post-internet bubble bursting impact

Global financial crisis

Bull rally after global financial crisis

SZSEC

2

26-04-2006

23-09-2009

-

Bull rally after global financial crisis

FBMKLCI

2

04-04-2001

29-07-2009

Internet bubble

Bull rally after global financial crisis