Some More Historical Context

*If the S&P 500 closes the year at 1,039:

-- it would mark the first 10 year period in which the index total return was zero

-- it would mark the lowest 1 year total return since 1937

-- it would mark the 3rd worst percentage price change since 1936


The record close for the index is 1,565.15 (10/9/07).


*calculated with S & P's own 4.04% dividend growth rate estimate for 2008.