The label above the plot reflects, for that quantile of data for all periods, the ratio of the 2009 observations to the prior year worst and what percent of all worst observations 2009 represents. For instance, the default quantile in 2009 had 1582 bad outcomes, which were nearly seven times the 229 worst outcomes constituting the quantile in 1991. Also, nearly half (48.39%) of all the bad outcomes for three decades occurred in 2009. The drop-down menu allows you to look at specific segments of the market (office, industrial, retail or residential). For scale and comparison, the blue dots are the opposite end of the spectrum (), which is the good outcomes in those years.