DATASET 3:
MONTHLY SP500 RETURNS
Period: February 1950 to August 2009
Source: http://finance.yahoo.com

Month-Year  Returns
February-50	0.0099706744868
March-50	0.0040650406504
April-50	0.0387507229612
May-50	0.0456570155902
June-50	-0.0580404685836
July-50	0.0084793668739
August-50	0.0325112107623
September-50	0.0559174809989
October-50	0.0041131105398
November-50	-0.0010240655402
December-50	0.0471553049718
January-51	0.0602055800294
February-51	0.0064635272392
March-51	-0.0146788990826
April-51	0.0442271880819
May-51	-0.0405706642889
June-51	-0.0260223048327
July-51	0.0687022900763
August-51	0.0392857142857
September-51	-0.0008591065292
October-51	-0.0137575236457
November-51	-0.0026155187446
December-51	0.0388986013986
January-52	0.0155658392932
February-52	-0.0364540182270
March-52	0.0477214101462
April-52	-0.0430857611818
May-52	0.0231560891938
June-52	0.0461022632020
July-52	0.0176282051282
August-52	-0.0145669291339
September-52	-0.0195765081902
October-52	-0.0008149959250
November-52	0.0464926590538
December-52	0.0354637568200
January-53	-0.0071509220926
February-53	-0.0181956027293
March-53	-0.0235521235521
April-53	-0.0264926848557
May-53	-0.0032493907392
June-53	-0.0162999185004
July-53	0.0252692626346
August-53	-0.0577777777778
September-53	0.0012864493997
October-53	0.0509635974304
November-53	0.0089649551752
December-53	0.0020193861066
January-54	0.0511890366788
February-54	0.0026840490798
March-54	0.0302103250478
April-54	0.0489977728285
May-54	0.0329087048832
June-54	0.0006851661528
July-54	0.0571722013009
August-54	-0.0340025906736
September-54	0.0831377807576
October-54	-0.0194986072423
November-54	0.0808080808081
December-54	0.0508177570093
January-55	0.0180655919956
February-55	0.0035490035490
March-55	-0.0048966267682
April-55	0.0377255330782
May-55	-0.0013171759747
June-55	0.0823001846479
July-55	0.0606873019742
August-55	-0.0078125000000
September-55	0.0113478462251
October-55	-0.0304556904053
November-55	0.0748700991970
December-55	-0.0006591957811
January-56	-0.0364995602463
February-56	0.0346873573711
March-56	0.0692545213939
April-56	-0.0020627062706
May-56	-0.0657296403473
June-56	0.0391592920354
July-56	0.0515222482436
August-56	-0.0380643855031
September-56	-0.0454641128184
October-56	0.0050716648291
November-56	-0.0109697235630
December-56	0.0352706299911
January-57	-0.0417827298050
February-57	-0.0326475849732
March-57	0.0196486361535
April-57	0.0369530718658
May-57	0.0369479667687
June-57	-0.0012650221379
July-57	0.0113996200127
August-57	-0.0561469421833
September-57	-0.0619195046440
October-57	-0.0320603488920
November-57	0.0160740379932
December-57	-0.0414669223394
January-58	0.0427606901725
February-58	-0.0206235011990
March-58	0.0308521057786
April-58	0.0318289786223
May-58	0.0149631675875
June-58	0.0260830120209
July-58	0.0431034482759
August-58	0.0118669209578
September-58	0.0483769633508
October-58	0.0253695565322
November-58	0.0224040522112
December-58	0.0520198170732
January-59	0.0043470385800
February-59	-0.0007213706041
March-59	0.0005414185165
April-59	0.0387806637807
May-59	0.0189268970307
June-59	-0.0035787321063
July-59	0.0348896870190
August-59	-0.0150388365559
September-59	-0.0456375838926
October-59	0.0112517580872
November-59	0.0132127955494
December-59	0.0276252573782
January-60	-0.0714643513107
February-60	0.0091710124078
March-60	-0.0138987883108
April-60	-0.0175280086737
May-60	0.0268530439581
June-60	0.0195235536450
July-60	-0.0247716092762
August-60	0.0261214195640
September-60	-0.0603932584270
October-60	-0.0024289985052
November-60	0.0402697134295
December-60	0.0462729564278
January-61	0.0631560832903
February-61	0.0268695370670
March-61	0.0255359394704
April-61	0.0038426068245
May-61	0.0191394885929
June-61	-0.0288461538462
July-61	0.0327970297030
August-61	0.0196225284602
September-61	-0.0196856177464
October-61	0.0283230930616
November-61	0.0393471291169
December-61	0.0032249018508
January-62	-0.0378756114605
February-62	0.0162696106915
March-62	-0.0058604917095
April-62	-0.0619698058950
May-62	-0.0859901900674
June-62	-0.0818380010062
July-62	0.0635616438356
August-62	0.0152842177572
September-62	-0.0482070365359
October-62	0.0044428647592
November-62	0.1015569709837
December-62	0.0134918085448
January-63	0.0491283676704
February-63	-0.0288519637462
March-63	0.0354643023798
April-63	0.0485203545140
May-63	0.0143266475645
June-63	-0.0201977401130
July-63	-0.0034597088078
August-63	0.0487487342688
September-63	-0.0110344827586
October-63	0.0322175732218
November-63	-0.0105391163356
December-63	0.0244435340707
January-64	0.0269261530259
February-64	0.0098650051921
March-64	0.0151670951157
April-64	0.0060774879716
May-64	0.0114523030456
June-64	0.0164240388205
July-64	0.0182396866201
August-64	-0.0162298629478
September-64	0.0287180740560
October-64	0.0080779282490
November-64	-0.0051850106057
December-64	0.0039090262971
January-65	0.0331563421829
February-65	-0.0014846962083
March-65	-0.0145259064394
April-65	0.0342386258124
May-65	-0.0077432386937
June-65	-0.0486315313278
July-65	0.0134331906800
August-65	0.0225219941349
September-65	0.0320064242285
October-65	0.0273454868831
November-65	-0.0087643367237
December-65	0.0089509878834
January-66	0.0048685491723
February-66	-0.0178725236865
March-66	-0.0218153913615
April-66	0.0205087974896
May-66	-0.0541401273885
June-66	-0.0161383954487
July-66	-0.0134529147982
August-66	-0.0777511961722
September-66	-0.0070038910506
October-66	0.0475444096134
November-66	0.0031172069825
December-66	-0.0014916096955
January-67	0.0781775177393
February-67	0.0019628218451
March-67	0.0394100023047
April-67	0.0422394678492
May-67	-0.0524412296564
June-67	0.0175123484508
July-67	0.0453442188879
August-67	-0.0117150395778
September-67	0.0327851345579
October-67	-0.0352600558370
November-67	0.0075026795284
December-67	0.0262765957447
January-68	-0.0438478283404
February-68	-0.0312228967910
March-68	0.0094001790510
April-68	0.0804878048780
May-68	0.0125179560845
June-68	0.0091203891366
July-68	-0.0184776059450
August-68	0.0114589727849
September-68	0.0385393485737
October-68	0.0072075581962
November-68	0.0479644134997
December-68	-0.0416166835840
January-69	-0.0081840939727
February-69	-0.0473740413552
March-69	0.0344441047590
April-69	0.0214757166782
May-69	-0.0022181502556
June-69	-0.0555770346027
July-69	-0.0601780779859
August-69	0.0400740498748
September-69	-0.0250235577426
October-69	0.0429553264605
November-69	-0.0340815485997
December-69	-0.0186547276410
January-70	-0.0764718661742
February-70	0.0526934838861
March-70	0.0014525139665
April-70	-0.0904830971773
May-70	-0.0609666339549
June-70	-0.0500326583932
July-70	0.0732948294829
August-70	0.0444586803331
September-70	0.0341020608440
October-70	-0.0124555160142
November-70	0.0474474474474
December-70	0.0567660550459
January-71	0.0404774823657
February-71	0.0090738423029
March-71	0.0367958656331
April-71	0.0362875087230
May-71	-0.0415584415584
June-71	-0.0093345377898
July-71	-0.0316109422492
August-71	0.0360954174513
September-71	-0.0069675855801
October-71	-0.0417937766931
November-71	-0.0025469595670
December-71	0.0861793807852
January-72	0.0181212655500
February-72	0.0253030594574
March-72	0.0059116073942
April-72	0.0043843283582
May-72	0.0172750069657
June-72	-0.0218205057975
July-72	0.0023333955572
August-72	0.0344538597635
September-72	-0.0048609235755
October-72	0.0093170511081
November-72	0.0456174941746
December-72	0.0118282334790
January-73	-0.0171113934773
February-73	-0.0374903042317
March-73	-0.0014326647564
April-73	-0.0407998565280
May-73	-0.0188837991960
June-73	-0.0065745593140
July-73	0.0379819681565
August-73	-0.0366845315099
September-73	0.0400959232614
October-73	-0.0012911555842
November-73	-0.1138609289870
December-73	0.0165694039183
January-74	-0.0100461301896
February-74	-0.0036243139691
March-74	-0.0232799833714
April-74	-0.0390508618855
May-74	-0.0335511017606
June-74	-0.0146654445463
July-74	-0.0777906976744
August-74	-0.0902786533854
September-74	-0.1193347193347
October-74	0.1630468995908
November-74	-0.0531799729364
December-74	-0.0201514934972
January-75	0.1228121353559
February-75	0.0598856845934
March-75	0.0216938350288
April-75	0.0472648752399
May-75	0.0441008018328
June-75	0.0443225452551
July-75	-0.0676541653535
August-75	-0.0210704225352
September-75	-0.0346454880295
October-75	0.0616430189579
November-75	0.0247079964061
December-75	-0.0115081104779
January-76	0.1183057988691
February-76	-0.0114019432877
March-76	0.0306889980945
April-76	-0.0109954266809
May-76	-0.0143644234553
June-76	0.0409263326013
July-76	-0.0080552359033
August-76	-0.0051237432328
September-76	0.0226411427461
October-76	-0.0222348916762
November-76	-0.0077745383868
December-76	0.0524975514202
January-77	-0.0505304299274
February-77	-0.0216602959914
March-77	-0.0140252454418
April-77	0.0002032107295
May-77	-0.0235676554246
June-77	0.0453599667083
July-77	-0.0162221337580
August-77	-0.0210419828022
September-77	-0.0024801074713
October-77	-0.0434061949653
November-77	0.0269655620533
December-77	0.0028472002531
January-78	-0.0615141955836
February-78	-0.0247619047619
March-78	0.0249310661765
April-78	0.0854164331353
May-78	0.0042342249303
June-78	-0.0175853558206
July-78	0.0539097665655
August-78	0.0259237187128
September-78	-0.0072611094975
October-78	-0.0915740198947
November-78	0.0166398282340
December-78	0.0148891235480
January-79	0.0397461242327
February-79	-0.0365255678975
March-79	0.0551516410469
April-79	0.0016733930505
May-79	-0.0263364779874
June-79	0.0386556318127
July-79	0.0087455057818
August-79	0.0530777381755
September-79	0.0000000000000
October-79	-0.0686059275521
November-79	0.0426242388529
December-79	0.0167671439337
January-80	0.0576246062627
February-80	-0.0043798177996
March-80	-0.1017948266761
April-80	0.0411401704378
May-80	0.0465707027942
June-80	0.0269687162891
July-80	0.0650385154062
August-80	0.0058354565628
September-80	0.0251675110312
October-80	0.0160210425634
November-80	0.1023770298894
December-80	-0.0338741816112
January-81	-0.0457424867413
February-81	0.0132767271324
March-81	0.0360326045555
April-81	-0.0234558823529
May-81	-0.0016565017694
June-81	-0.0104080247379
July-81	-0.0022101973935
August-81	-0.0620989917507
September-81	-0.0538317452561
October-81	0.0491478739886
November-81	0.0365903683649
December-81	-0.0300751879699
January-82	-0.0175438596491
February-82	-0.0605481727575
March-82	-0.0101670939793
April-82	0.0400142908181
May-82	-0.0391618000687
June-82	-0.0202895959957
July-82	-0.0229906030472
August-82	0.1159772154263
September-82	0.0076144255711
October-82	0.1104467696396
November-82	0.0359706850135
December-82	0.0152313578286
January-83	0.0331342434585
February-83	0.0189951823813
March-83	0.0330946913413
April-83	0.0749869246862
May-83	-0.0124064951651
June-83	0.0323295769444
July-83	-0.0303030303030
August-83	0.0113188976378
September-83	0.0101581508516
October-83	-0.0151743240802
November-83	0.0174258636503
December-83	-0.0088341346154
January-84	-0.0092160310435
February-84	-0.0388593109357
March-84	0.0134980262320
April-84	0.0054655107426
May-84	-0.0593564511090
June-84	0.0174692793092
July-84	-0.0164512338425
August-84	0.1063321385902
September-84	-0.0034797216223
October-84	-0.0000602046960
November-84	-0.0151122885183
December-84	0.0223743733953
January-85	0.0740851470940
February-85	0.0086288481879
March-85	-0.0028700739596
April-85	-0.0045942654711
May-85	0.0540510482122
June-85	0.0121340015827
July-85	-0.0048475371384
August-85	-0.0119945526922
September-85	-0.0347240629804
October-85	0.0425087873462
November-85	0.0650616373406
December-85	0.0450610872038
January-86	0.0023665278304
February-86	0.0714892813297
March-86	0.0527939361890
April-86	-0.0141481791545
May-86	0.0502292798913
June-86	0.0141095613503
July-86	-0.0586828257056
August-86	0.0711926139251
September-86	-0.0854386589175
October-86	0.0547293792149
November-86	0.0214771702599
December-86	-0.0282882593692
January-87	0.1317669405789
February-87	0.0369235259778
March-87	0.0263898662913
April-87	-0.0114501199863
May-87	0.0060341240117
June-87	0.0479145122372
July-87	0.0482236842105
August-87	0.0349588903534
September-87	-0.0241661613099
October-87	-0.2176304260013
November-87	-0.0853489018627
December-87	0.0728614850195
January-88	0.0404322486644
February-88	0.0418174038200
March-88	-0.0333432902696
April-88	0.0094248522539
May-88	0.0031760609191
June-88	0.0432560268538
July-88	-0.0054113345521
August-88	-0.0386001029336
September-88	0.0397292750076
October-88	0.0259644735390
November-88	-0.0188909201706
December-88	0.0146876141761
January-89	0.0711147918767
February-89	-0.0289440952029
March-89	0.0208059267465
April-89	0.0500898701123
May-89	0.0351375791241
June-89	-0.0079246224885
July-89	0.0883703377571
August-89	0.0155166435506
September-89	-0.0065443164035
October-89	-0.0251754260347
November-89	0.0165413092020
December-89	0.0214168039539
January-90	-0.0688172043011
February-90	0.0085389570925
March-90	0.0242550242550
April-90	-0.0268870977231
May-90	0.0919891172914
June-90	-0.0088863051242
July-90	-0.0052231718898
August-90	-0.0943141934578
September-90	-0.0511842757937
October-90	-0.0066982519196
November-90	0.0599342105263
December-90	0.0248277574328
January-91	0.0415177760281
February-91	0.0672811327886
March-91	0.0222028495927
April-91	0.0003198123767
May-91	0.0386049981350
June-91	-0.0478926711644
July-91	0.0448593598448
August-91	0.0196487970914
September-91	-0.0191437169663
October-91	0.0118341669675
November-91	-0.0439036819977
December-91	0.1115878684505
January-92	-0.0199237574624
February-92	0.0095895102500
March-92	-0.0218318391083
April-92	0.0278926899353
May-92	0.0009639715628
June-92	-0.0173588539786
July-92	0.0393737443034
August-92	-0.0239975483841
September-92	0.0091056203657
October-92	0.0021062709430
November-92	0.0302617751027
December-92	0.0101078010896
January-93	0.0070459709440
February-93	0.0104836136560
March-93	0.0186972799856
April-93	-0.0254167865920
May-93	0.0227174629137
June-93	0.0007552366778
July-93	-0.0053270592413
August-93	0.0344319728650
September-93	-0.0099879195789
October-93	0.0193929357418
November-93	-0.0129106726802
December-93	0.0100911669807
January-94	0.0325008039447
February-94	-0.0300450572040
March-94	-0.0457464571649
April-94	0.0115306099558
May-94	0.0123971524251
June-94	-0.0267907995619
July-94	0.0314898597700
August-94	0.0375987430716
September-94	-0.0268775368567
October-94	0.0208337835793
November-94	-0.0395046046364
December-94	0.0122991469946
January-95	0.0242776580225
February-95	0.0360741465074
March-95	0.0273292435216
April-95	0.0279602963791
May-95	0.0363117095063
June-95	0.0212785901762
July-95	0.0317760440569
August-95	-0.0003202505071
September-95	0.0400975297216
October-95	-0.0049793809141
November-95	0.0410490111780
December-95	0.0174438772982
January-96	0.0326173428799
February-96	0.0069337442219
March-96	0.0079165560639
April-96	0.0134314484895
May-96	0.0228533867343
June-96	0.0022566953611
July-96	-0.0457480279737
August-96	0.0188139698414
September-96	0.0542032853265
October-96	0.0261009995199
November-96	0.0733761538134
December-96	-0.0215053763441
January-97	0.0613170613171
February-97	0.0059275465554
March-97	-0.0426139955995
April-97	0.0584055367709
May-97	0.0585768837198
June-97	0.0434526335644
July-97	0.0781458300382
August-97	-0.0574656034203
September-97	0.0531535237418
October-97	-0.0344776623596
November-97	0.0445868229429
December-97	0.0157316307306
January-98	0.0101501396288
February-98	0.0704492593953
March-98	0.0499456801418
April-98	0.0090764692535
May-98	-0.0188261749494
June-98	0.0394382207880
July-98	-0.0116153954703
August-98	-0.1457967108962
September-98	0.0623955373558
October-98	0.0802941957306
November-98	0.0591260342050
December-98	0.0563753083025
January-99	0.0410094123964
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August-09  0.0335601733706