1 Yr / 3 Yr Forward Projections w/Timing Signal JUNE 2009

I. Commodities:		1 Yr.	3 Yr.	Signal
	All Commodities	9.1%	20.2%	Bear
	Oil	-7.3%	-25.8%	Bear
	Natural Gas	54.0%	72.0%	Bear
	Grains	9.0%	21.0%	Bull
	Industrial Metals	-2.4%	-14.7%	Bull
	Gold	6.4%	-2.6%	Bull
II. Fixed Income
	US Treasuries	-4.0%	-0.1%	Bear
	Treasury Inflation Protected	-0.9%	3.4%	Bull
	Corporate Preferreds	-1.7%	2.6%	Bull
	Corporate Bonds	-0.8%	2.8%	Bull
	High Yield Corporate Bonds	4.5%	10.8%	Bull
	Global Bonds	4.4%	18.0%	Bull
	Emerging Market Bonds	2.1%	15.6%	Bull
III. Global Stocks
	Global Stocks Ex- US	20.0%	32.0%	Bull
	Emerging Markets	5.4%	18.4%	Bull
IV. US Stocks
	All US Stocks	15.1%	23.6%	Bull
	Dow Jones Industirals	13.2%	20.8%	Bear
	Dow Jones Transports	20.3%	30.9%	Bull
	SP 500	15.3%	23.6%	Bull
	Nasdaq Composite	11.0%	21.0%	Bull
	Russell 2000	17.5%	27.5%	Bull
V. Special Opportunities
	US Real Estate	27.2%	42.4%	Bear
	I will post the updated forward looking projections with timing signals at the end of each month.