CHART OF THE DAY: Remember When The Market Crashed Through That Big Black Line? Joe Weisenthal | Oct. 12, 2011, 2:30 PM Remember early last week: The market crashed below a "key" level of support, as the S&P plunged below a level that had been bounced off several times. Everyone panicked and felt that it was 2008 all over again. In fact, everyone was sending around a chart about how after Monday's plunge, www.businessinsider.com/stocks-closed-at-the-same-level-as-october-3-2011-2011-10 stocks were at EXACTLY the same level as they were on the same date as 2008 . Anyway, fast forward, and we're up over 11% since then. That huge level that we crashed beneath turned out to be totally meaningless. static6.businessinsider.com/image/4e95fbf869bedd4b70000010/chart-of-the-day-sp-500-large-index-oct-2011.jpg