<table><tr><th>From:</th><th>Daniel Sabba</th></tr><tr><td>Sent:</td><td>Friday, February 6, 2015 4:12 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Cc:</td><td>Vahe Stepanian</td></tr><tr><td>Subject:</td><td>three graphs worth looking at... [C]</td></tr></table>

Classification: Confidential

Just looking at facts...

Index peak to trough recently — down 24% if on= bought at the peak (you didn't buy there, the sell off since you bo=gh is around 12%)

This trade in 2008 — peak to trough — 28=95% sell-off and then a rebound of around 68.56% within a year after hitting the bottom.

Overall history since 2007

Daniel Sabba

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