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By Jason Stipp and Jeremy Glaser | 09-12-2013 04:00 PM

The Friday Five

Five stats from the market and the stories behind them. This week: Lehman five years on, Apple's non-game-changer, lululemon's downtime, and more.

Jason Stipp: I'm Jason Stipp for Morningstar, and welcome to The Friday Five: five stats from the market and the stories behind them.

Joining me, as always, with The Friday Five is Morningstar markets editor Jeremy Glaser.

Jeremy, thanks for being here.

Jeremy Glaser: You're welcome, Jason.

Stipp: So what do you have for The Friday Five this week.

Glaser: The numbers we're going to look at are 5, $49 billion, $25 billion, $549, and 8%.

Stipp: Five years since the Lehman collapse really kicked off the financial crisis. What have you learned in those five years, Jeremy?

Glaser: It's really amazing that it's only been five years since the Lehman bankruptcy really sent the global financial crisis into even a sharper downward trend. There are a few big lessons here. From the banking sector more narrowly we've seen some big changes over the last five years. Banks, either because of their own volition or because regulators have really forced them, have raised a lot more capital, they've shed a lot of their bad loans, they've stopped making as many risky loans that got them in trouble the first time. As they bring that leverage down, it really brings the risk down a lot. [Although] we've seen that de-risking, obviously, there is still a lot of risk in the financial sector, but much less than it was five years ago, and it's much safer particularly in the U.S. now.

Outside the U.S., it's a slightly more complicated story. The European banks haven't been quite as aggressive as they have in the U.S. But generally speaking, the global financial system is sounder now, if not completely sound, than it was not only at the height of the Lehman bankruptcy, but even probably a few years afterward as well.

But from a broader perspective, the Lehman bankruptcy points out to investors that you really do sometimes have these systemic events, these tail risk events, that really can cause a lot of havoc, and very quickly, in ways that you might not expect. It's important to always have a plan--that if one of these events comes from the financial system or somewhere else--the next crisis probably will come from somewhere else--how are you going to handle it? How do you think about your portfolio? How do you make sure you don't panic, so that you don't look back five years later and say, oh, I wish I hadn't sold all my stocks when you look at the performance since the bottom of the market in 2009, a little bit after the Lehman bankruptcy. I think that's one of the big lessons that investors really have to draw looking back five years.

Stipp: $49 billion is the size of Verizon's recent bond deal. It's one of the biggest non-financial bond deals in history.

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