Multi-Year Correlation Studies as of 05/15/08 Dow Jones and S&P 500 Index

Year	DJIA Index		S&P 500 Index
Ending	Daily	Weekly	Daily	Weekly	Average
2007	15%	55%	-25%	39%	21%
2006	-14%	31%	-29%	45%	8%
2005	-5%	74%	-15%	63%	29%
2004	23%	-2%	-14%	-19%	-3%
2003	-30%	-63%	-4%	-57%	-39%
2002	-31%	-48%	-15%	-66%	-40%
2001	8%	29%	64%	60%	40%
2000	62%	81%	9%	62%	53%
1999	4%	59%	-24%	48%	22%
1998	36%	77%	-11%	52%	38%
1997	11%	69%	-25%	52%	27%
1996	21%	59%	-12%	41%	27%
1995	-7%	61%	-55%	15%	3%
1994	26%	57%	13%	66%	40%
1993	33%	75%	-23%	50%	34%
1992	28%	45%	5%	37%	29%
1991	-17%	48%	-43%	20%	2%
1990	53%	80%	26%	68%	57%
1989	-5%	-49%	-28%	-55%	-34%
1988	55%	75%	50%	69%	62%
1987	15%	67%	-19%	48%	28%
1986	-4%	43%	-31%	36%	11%
1985	-55%	6%	-67%	-8%	-31%
1984	72%	92%	51%	84%	75%
1983	-8%	-11%	-46%	-34%	-25%
1982	-6%	24%	29%	55%	25%
1981	26%	45%	-6%	45%	28%
1980	13%	28%	-9%	40%	18%
1979	37%	-56%	9%	-21%	-8%
1978	-15%	-56%	24%	-23%	-17%
1977	59%	83%	45%	72%	65%
1976	26%	16%	-3%	-2%	9%
1975	-56%	-75%	-36%	-70%	-59%
1974	-20%	-25%	23%	2%	-5%
1973	35%	54%	6%	53%	37%
1972	25%	73%	-4%	58%	38%
1971	-55%	-70%	-80%	-81%	-72%
1970	-19%	-21%	28%	14%	0%
1969	40%	52%	22%	59%	43%
1968	73%	-5%	39%	40%	37%
1967	-58%	-40%	-52%	-29%	-45%
1966	14%	72%	-4%	61%	36%
1965	35%	78%	2%	63%	45%
1964	29%	51%	-3%	36%	28%
1963	-83%	-54%	-66%	-40%	-61%
1962	56%	68%	18%	62%	51%
1961	-54%	-12%	-66%	-31%	-41%
1960	69%	91%	58%	83%	75%
1959	13%	22%	-21%	2%	4%
1958	10%	-32%	25%	-24%	-5%
1957	44%	77%	56%	76%	63%
1956	37%	81%	-4%	62%	44%
1955	24%	59%	-15%	37%	26%
1954	-42%	19%	-62%	-5%	-22%
1953	-2%	59%	-15%	57%	25%
1952	50%	84%	0%	66%	50%
1951	16%	70%	-22%	49%	28%
1950	-22%	8%	-59%	-23%	-24%
1949	49%	35%	62%	40%	46%
1948	48%	-61%	33%	-63%	-11%
1947	0%	60%	28%	60%	37%
1946	20%	64%	-15%	45%	28%
1945	15%	51%	-24%	31%	18%
1944	63%	87%	33%	76%	64%
1943	-37%	-51%	-62%	-58%	-52%
1942	2%	-47%	28%	-31%	-12%
1941	-46%	-40%	-15%	-33%	-34%
1940	-22%	51%	-25%	33%	9%
1939	16%	-70%	-11%	-72%	-34%
1938	-8%	-3%	22%	7%	5%
1937	23%	77%	-6%	64%	40%
1936	25%	56%	-30%	4%	14%
1935	-33%	50%	14%	28%	15%
1934	45%	57%	7%	46%	39%
1933	-62%	-87%	-44%	-79%	-68%
1932	-29%	-77%	14%	-56%	-37%
1931	-24%	-69%	8%	-49%	-34%
1930	49%	81%	50%	78%	65%
1929	1%	56%	-52%	-52%	-12%
1928	28%	59%			44%
1927	1%	71%			36%
1926	42%	79%			61%
1925	-6%	21%			8%
1924	-69%	4%			-32%