Friday, September 11, 2009

1 Yr./3Yr. Forward Looking Projections/w Timing Signals September 09

I. Commodities: 1 Yr. 3 Yr. Signal

All Commodities 15.7% 25.4% Bull

Oil 23.7% 40.2% Bull

Natural Gas 64.0% 81.0% Bear

Grains 9.8% 21.0% Bull

Industrial Metals 15.0% 27.0% Bull

Gold -10.0% -1.4% Bull

Silver -3.1% 11.3% Bull
II. Fixed Income



US Treasuries -2.8% 1.0% Bear

Treasury Inflation Protected 0.1% 4.3% Bull

Corporate Preferreds 0.6% 4.7% Bull

Corporate Bonds -1.3% 2.3% Bull

High Yield Corporate Bonds 3.6% 9.9% Bull

Global Bonds -4.7% 4.2% Bull

Emerging Market Bonds -3.5% 7.9% Bull
III. Global Stocks



Global Stocks Ex- US 12.1% 22.3% Bull

Emerging Markets 2.2% 15.2% Bull
IV. US Stocks



All US Stocks 12.9% 21.4% Bull

Dow Jones Industirals 11.0% 18.7% Bull

Dow Jones Transports 11.9% 22.4% Bull

SP 500 13.2% 21.4% Bull

Nasdaq Composite 6.9% 16.7% Bull

Russell 2000 13.7% 23.6% Bull
V. Special Opportunities



US Real Estate 24.6% 40.4% Bull

International Real Estate 27.8% 40.6% Bull