NEWSLETTER
February 2010	Global Equities Start Downtrend (~ -4%) in January - Caution
January 2010	2010 - Recovered Markets Need Confirmation of Economic Recovery
December 2009	Markets Stall Awaiting Economic Recovery
November 2009	Borrowing to Buy a Car is Not Growth
October 2009	Rally Based on V-Shaped Recovery. But It's Not Happening.
September 2009	5-Month Green Shoots Rally is Ending
August 2009	Market Rally has Priced In a V-shaped Recovery.
July 2009	Down 25%, Up 34% = FLAT. That's the YTD June 2009!
June 2009	Market Continues to Play Pollyanna's "Glad Game"
May 2009	Green Shoots Rally - What's to Come, Tulips or Dandelions?
April 2009	Bear Market Rally - Enjoy It, Cautiously
March 2009	Where's the Bottom? Don't Guess - Just Wait for It.