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While this higher reading is still far from signaling a significant inflation increase, we do believe that mild upward pressures are building.

U.S. focus equity fund net outflow of $17 billion is estimated for September.

The most recent sell signal (registered June 26th) proved to be very timely in retrospect, with the S&P 500 falling a big 14% in the four weeks that followed.

This month’s NASDAQ ratio remains in bullish territory after last month’s buy signal.

The S&P 500's September reading is the most volatile since 1938 and fifth highest over the entire history of this work.

Upgraded to Attractive for October as a result of three consecutive months of rising quantitative scores.

September closed the door on a very ugly third quarter.

Huge secular bull market in bonds (emerging in 1981) is topping out.

For those clients who may be interested, suggest reviewing qualifiers with a critical eye.

Still extremely risky area of equities, but recovery may be near. Currently rank six tech groups “Attractive”.

Stock selection and small cap focus have provided the only hopes of surviving this decimated sector.

Total U.S. Market Capitalization As A Percentage Of GDP: Identifying “Fair Value.”

The great opportunity in potential Telecom Survivors. This new “quantitative screen” turned “Attractive” in GS model and was purchased in Unconventional portfolio only.

In August, the bloodletting finally slowed:  Majority of indices actually managed to eke out small gains.

August Marks Third Consecutive Month of Net Redemptions with estimate at $5 billion. Chasing performance has historically left Main Street investors buying the peaks and selling the troughs.

Markets appear remarkably similar on several levels: Both markets struggling to recover in wake of recession economy. Cuban Missile Crisis left Americans wondering if war was imminent, as Iraq debate continues to heat up today.

Increased reliance on debt to finance growth can cause problems down the road.

While the higher Commodity Diffusion Index reading is still far from signaling a significant inflation increase, we do believe that mild upward pressures are building.

NASDAQ Short Interest Ratio posts first buy signal in a year as volume declines in August.

YTD S&P 500's volatility is the highest level recorded since 1938, and ranks as the sixth highest reading dating back to 1900.