Exhibit 6 Data: Recession End Dates
Source: Ned Davis Research, Inc. Further distribution prohibited without prior permission. All Rights Reserved.
Past performance does not guarantee future results.
Further distribution prohibited without prior permission. Copyright 2010 (c) Ned Davis Research, Inc. All rights reserved.
| S&P 500 Total Return | Russell Mid Cap Total Return | Ratio of the Russell Mid Cap Total Return / S&P 500 Total Returns * 100 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Date | 7/31/80 | 11/30/82 | 3/31/91 | 11/30/01 | 6/30/09 | 7/31/80 | 11/30/82 | 3/31/91 | 11/30/01 | 6/30/09 | 7/31/80 | 11/30/82 | 3/31/91 | 11/30/01 | 6/30/09 |
| -12 | 1245.11 | 1702.62 | 6362.61 | 31417.07 | 34721.52 | 121.75 | 184.29 | 633.01 | 2902.08 | 5271.34 | 9.78 | 10.82 | 9.95 | 9.24 | 15.18 |
| -11 | 1316.54 | 1658.85 | 6209.19 | 31576.81 | 34444.09 | 130.54 | 179.8 | 605.83 | 3122.92 | 5137.26 | 9.92 | 10.84 | 9.76 | 9.89 | 14.91 |
| -10 | 1322.07 | 1637.23 | 6798.08 | 32702.95 | 34928.99 | 130.14 | 173.2 | 660.7 | 3173.22 | 5232.21 | 9.84 | 10.58 | 9.72 | 9.7 | 14.98 |
| -9 | 1236.92 | 1545.61 | 6755.97 | 29717.23 | 31823.20 | 118.77 | 165.84 | 656.42 | 2980.06 | 4590.64 | 9.6 | 10.73 | 9.72 | 10.03 | 14.43 |
| -8 | 1295.22 | 1537.55 | 6739.03 | 27841.14 | 26497.16 | 127.55 | 164.2 | 636.9 | 2795.18 | 3564.56 | 9.85 | 10.68 | 9.45 | 10.04 | 13.45 |
| -7 | 1322.68 | 1606.76 | 6121.85 | 30011.67 | 24579.63 | 132.52 | 172.04 | 568.39 | 3034.23 | 3201.79 | 10.02 | 10.71 | 9.28 | 10.11 | 13.03 |
| -6 | 1404.67 | 1551.57 | 5827.23 | 30196.4 | 24836.74 | 139.87 | 165.92 | 526.26 | 3090.75 | 3338.55 | 9.96 | 10.69 | 9.03 | 10.24 | 13.44 |
| -5 | 1404.31 | 1527.96 | 5806.98 | 29472.82 | 22774.32 | 136.77 | 161.46 | 509.65 | 3061.68 | 3091.62 | 9.74 | 10.57 | 8.78 | 10.39 | 13.58 |
| -4 | 1267.33 | 1500.74 | 6173.87 | 29186.8 | 20335.93 | 118.71 | 157.65 | 558.73 | 2974.04 | 2783.99 | 9.37 | 10.5 | 9.05 | 10.19 | 13.69 |
| -3 | 1325.47 | 1682.74 | 6346.47 | 27347.18 | 22135.52 | 126.38 | 176.61 | 582.79 | 2859.69 | 3038.82 | 9.53 | 10.5 | 9.18 | 10.46 | 13.73 |
| -2 | 1393.22 | 1703.59 | 6629.34 | 25143.92 | 24277.60 | 136.19 | 181.63 | 622.29 | 2514.84 | 3505.94 | 9.78 | 10.66 | 9.39 | 10 | 14.44 |
| -1 | 1437 | 1899.68 | 7094.8 | 25630.68 | 25629.45 | 142.81 | 205.91 | 674.15 | 2614.42 | 3658.18 | 9.94 | 10.84 | 9.5 | 10.2 | 14.27 |
| Recession End | 1536.68 | 1976.41 | 7271.85 | 27589.22 | 25693.93 | 154.8 | 218.47 | 702.11 | 2833.5 | 3670.91 | 10.07 | 11.05 | 9.66 | 10.27 | 14.29 |
| 1 | 1551.9 | 2014.54 | 7293.94 | 27829.93 | 27658.52 | 158.84 | 221.62 | 706.33 | 2947.29 | 3995.89 | 10.24 | 11 | 9.68 | 10.59 | 14.45 |
| 2 | 1597.37 | 2089.49 | 7594.95 | 27428.3 | 28646.48 | 164.15 | 229.44 | 739.87 | 2929.7 | 4190.16 | 10.28 | 10.98 | 9.74 | 10.68 | 14.63 |
| 3 | 1629.4 | 2137.41 | 7250.93 | 26890.55 | 29725.72 | 165.87 | 237.38 | 705.77 | 2898.61 | 4427.76 | 10.18 | 11.11 | 9.73 | 10.78 | 14.90 |
| 4 | 1802.68 | 2216.46 | 7595.98 | 27910.33 | 29194.29 | 179.03 | 245.74 | 740.37 | 3072.42 | 4232.82 | 9.93 | 11.09 | 9.75 | 11.01 | 14.50 |
| 5 | 1748.2 | 2390.87 | 7765.06 | 26228.03 | 30925.10 | 175.59 | 261.09 | 762.51 | 3012.86 | 4437.26 | 10.04 | 10.92 | 9.82 | 11.49 | 14.35 |
| 6 | 1674.85 | 2369.72 | 7636.51 | 26021.76 | 31527.37 | 171.48 | 272.01 | 758.06 | 2978.81 | 4689.97 | 10.24 | 11.48 | 9.93 | 11.45 | 14.88 |
| 7 | 1703.72 | 2461.63 | 7747.22 | 24168.7 | 30414.47 | 174.51 | 281.91 | 773.6 | 2779.09 | 4533.24 | 10.24 | 11.45 | 9.99 | 11.5 | 14.90 |
| 8 | 1771.9 | 2388.83 | 7427.1 | 22292.13 | 31334.59 | 188.16 | 273.06 | 741.61 | 2507.87 | 4760.06 | 10.62 | 11.43 | 9.99 | 11.25 | 15.19 |
| 9 | 1737.16 | 2424.37 | 8276 | 22433.63 | 33228.75 | 189.05 | 271.34 | 824.71 | 2521.6 | 5096.54 | 10.88 | 11.19 | 9.97 | 11.24 | 15.34 |
| 10 | 1741.12 | 2457.6 | 8131.48 | 19997.63 | 33770.77 | 193.66 | 278.93 | 840.22 | 2288.95 | 5288.19 | 11.12 | 11.35 | 10.33 | 11.45 | 15.66 |
| 11 | 1730 | 2428.94 | 8229.48 | 21758.69 | 31054.60 | 190.12 | 268.11 | 859.52 | 2404.64 | 4899.29 | 10.99 | 11.04 | 10.44 | 11.05 | 15.78 |
| 12 | 1733.19 | 2479.92 | 8070.29 | 23032.8 | 29433.68 | 187.76 | 279.59 | 837.56 | 2571.58 | 4593.25 | 10.83 | 11.27 | 10.38 | 11.16 | 15.61 |
| 13 | 1632.61 | 2466.82 | 8315.91 | 21676.13 | 31510.54 | 177.06 | 274.41 | 844.11 | 2470.27 | 4923.32 | 10.84 | 11.12 | 10.15 | 11.4 | 15.62 |
| 14 | 1551.95 | 2452.92 | 8344.5 | 21114.9 | 30067.95 | 165.69 | 266.62 | 849.56 | 2420.31 | 4706.59 | 10.68 | 10.87 | 10.18 | 11.46 | 15.65 |
| 15 | 1635.48 | 2366.47 | 8220.28 | 20788.93 | 32753.82 | 177.12 | 252.2 | 835.78 | 2388.25 | 5204.39 | 10.83 | 10.66 | 10.17 | 11.49 | 15.89 |
| 16 | 1702.62 | 2407.43 | 8564.62 | 20996.1 | 184.29 | 256.38 | 870.72 | 2411.83 | 10.82 | 10.65 | 10.17 | 11.49 | |||
| 17 | 1658.85 | 2429.64 | 8379.81 | 22731.19 | 179.8 | 253.56 | 850.67 | 2587.01 | 10.84 | 10.44 | 10.15 | 11.38 | |||
| 18 | 1637.23 | 2294.51 | 8477.01 | 23921.71 | 173.2 | 239.26 | 868.32 | 2823.78 | 10.58 | 10.43 | 10.24 | 11.8 | |||
| 19 | 1545.61 | 2343.87 | 8515.82 | 24226.01 | 165.84 | 246.73 | 889.56 | 2852.31 | 10.73 | 10.53 | 10.45 | 11.77 | |||
| 20 | 1537.55 | 2314.63 | 8794.52 | 24652.54 | 164.2 | 239.5 | 934.39 | 2946.32 | 10.68 | 10.35 | 10.62 | 11.95 | |||
| 21 | 1606.76 | 2570.11 | 8904.45 | 25126.7 | 172.04 | 269.41 | 959.48 | 3074.27 | 10.71 | 10.48 | 10.78 | 12.24 | |||
| 22 | 1551.57 | 2570.65 | 8988.27 | 24861.04 | 165.92 | 270.68 | 978.65 | 3035.75 | 10.69 | 10.53 | 10.89 | 12.21 | |||
| 23 | 1527.96 | 2580.01 | 9103.63 | 26261.95 | 161.46 | 271.73 | 979.76 | 3267.46 | 10.57 | 10.53 | 10.76 | 12.44 | |||
| 24 | 1500.74 | 2550.58 | 9295.2 | 26483.71 | 157.65 | 270.59 | 1011.63 | 3359.17 | 10.5 | 10.61 | 10.88 | 12.68 | |||
| -12 to -4 Months | 1.78% | -11.86% | -2.97% | -7.10% | -41.43% | -2.50% | -14.46% | -11.73% | 2.48% | -47.19% | -4.19% | -2.96% | -9.05% | 10.28% | -9.82% |
| -4 to Recession End | -17.53% | -24.07% | -15.10% | 5.79% | -20.85% | -23.31% | -27.84% | -20.42% | 4.96% | -24.16% | -6.95% | -4.98% | -6.31% | -0.78% | -4.20% |
| Recession End to 6 Months | 8.99% | 19.90% | 5.01% | -5.68% | 22.70% | 10.78% | 24.51% | 7.97% | 5.13% | 27.76% | 1.69% | 3.89% | 2.80% | 11.49% | 4.13% |
| Recession End to 12 Months | 12.79% | 25.48% | 10.98% | -16.52% | 14.55% | 21.29% | 27.98% | 19.29% | -9.24% | 25.13% | 7.55% | 1.99% | 7.45% | 8.67% | 9.24% |
| Recession End to 24Months | -2.34% | 29.05% | 27.82% | -4.01% | 1.84% | 23.86% | 44.08% | 18.55% | n/a | 4.27% | -3.98% | 12.63% | 23.47% | ||