<p><table cellspacing="0" cellpadding="0" width="95%" align="center" border="0"><tbody><tr><td align="center" width="80%"><font face="Arial, Helvetica" size="+1"><strong>Investor Sentiment in the Stock Market</strong></font>
</td></tr><tr><td width="80%"><center><font face="ARIAL, HELVETICA" size="2"><br/><a class="textlink" href="http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=167351" target="_blank">MALCOLM P. BAKER </a><br/>Harvard Business School; National Bureau of Economic Research (NBER)<br/><a class="textlink" href="http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=174751" target="_blank">JEFFREY WURGLER </a><br/>NYU Stern School of Business; National Bureau of Economic Research (NBER) </font><hr width="25%"/><font face="ARIAL, HELVETICA" size="2">February 12, 2007</font><br/></center></td></tr><tr><td>&nbsp;</td></tr></tbody></table></p><br/>