The Best Bet For Stocks Is That No U.S./China Trade Deal Is Announced

As you all know, stocks have been rallying since December 26, 2018. The first quarter rally has been nothing short of amazing. Almost every trader and investor is waiting for a U.S./ China trade deal. Every few days we hear that a trade deal between the two countries is getting closer to actually happening.

Volume trends have been extremely light in 2019 which indicates very little selling pressure in the markets. Contrary to popular belief, light volume actually favors upside in the markets. Hence the old market adage, never short a dull market. At this time, many traders and investors are waiting for a trade deal to be struck by the United States and China. Simply put, nobody wants to get caught short when a deal is announced. After all, all we hear in the financial media is that a trade deal could add another 10 percent of upside to the market immediately. So who in their right mind would want to be short right now.

It is probably better that there is no actual trade deal announced in order for stocks to continue climbing. What would happen if the talks between the U.S. And China fell apart right now? That would probably be a big hiccup for the major stock indexes. On the flip side, should a deal be struck and signed then there will likely be another pop in the markets in the near term, but after an initial spike it could be a sell the news event. After all, the markets are rising on anticipation of a deal being announced very soon.




Nicholas Santiago
InTheMoneyStocks

I post chart
.
.

Shanghai 3000 Baby ! . . . . .

.


.

You guys post chart ?

.

It's a Landmark Event and you guys no post chart....................................Why ?

.

.

Does anyone know the ADVFN code for the Shanghai Composite can't find the number except for the Shanghai Exchange 000010 or the Sse B Index 399108.

Many Thanks

Chinese stocks sliding over 5 percent

China SSEC is correcting fast than US Markets.

SSEC is beating US market to downside after beating to upside.



~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Asian Markets Fall, But Weak Yen Lifts Japan

ASIAN MARKETS, STOCKS, SHARES, NIKKEI, KOSPI, SHANGHAI COMPOSITE, HANG SENG, STRAITS TIMES INDEX, SYDNEY, SEOUL
By CNBC.com
CNBC.com
| 18 Aug 2008 | 05:08 AM ET

Asian markets were mostly softer Monday, with Chinese stocks sliding over 5 percent. But the weaker yen helped Japan close over 1 percent higher, with exporters supporting that market.

China's Shanghai Composite Index tumbled 5.3 percent, pulled down by coal producers after a hike in the coal export tax, and by a drain of funds into China South Locomotive & Rolling Stock Corp as the firm listed.

Falling stocks in Shanghai outnumbered gainers by 904 to 31, with over 200 Shanghai A shares plunging their 10 percent daily limits.

"There is no confidence at all, and no money entering the market to clean up this mess, so no one can call a floor now," said Zhang Qi, analyst at Haitong Securities.

Fears about a protracted global slowdown have caused oil prices to reflect a much lower so-called demand premium, as top consumers like China ratchet down energy imports, though on Monday U.S. light crude prices climbed almost $1 to $114.72 a barrel on threats to supply in the Gulf of Mexico from a tropical storm.

The U.S. dollar slipped, easing from a six-month high against the euro as gold and oil prices rose, but slowing commodities demand was widely seen supporting the currency in the medium term. In the last several weeks, reports have confirmed the euro zone and Japanese economies are shrinking, causing dealers to erase expectations for interest rate increases and for emerging markets investors to prepare for a potential
backlash.

Japan's Nikkei 225 Average finished 1.1 percent higher, led by exporters as a softer yen and recent fall in oil prices eased worries about corporate earnings amid a deteriorating outlook for the global economy. Sumitomo Metal Industries jumped over 7 percent after Mitsubishi UFJ Securities lifted its rating, saying the steelmaker was expected to be able to raise prices of its seamless pipes used in the oil industry.

Seoul shares closed lower after a rebound in oil prices sent airlines and exporters lower, but Doosan Group units rallied after the group said it would not bid for Daewoo Shipbuilding.

Australian shares closed just a touch higher as resources stocks advanced, with miner BHP Billiton gaining ahead of reporting a record annual profit.

Hong Kong shares fell 1.1 percent, with the Hang Seng Index hitting a new 5-month low, as China coal stocks slid after a hike in export taxes on the commodity and mobile phone maker Foxconn International plunged 24.1 percent after a profit warning. Foxconn's warning highlighted fears that firms in Greater China will almost certainly be hit by cooling global demand, sharply curbing once-heady earnings growth.

Singapore's Straits Times Index closed 0.7 percent lower with a mixed performance by blue chips.

-- Reuters contributed to this report
© 2008 CNBC.com

URL: http://www.cnbc.com/id/26257116/

Fast correction of Mar2007 long term breakout ~~ China SSEC ~~ took out the bubble real fast.
Taking out Mar 2007 Long Term breakout retracing 62% of LT rally since Jun 2005. Closing at 2470.

Beijing Olympics Begin With Lavish Opening Ceremony
8/9/2008 12:15 AM ET
RTT news

Seven years, billions of dollars and thousands of hours of training - not to mention hundreds of protests, complaints about air quality and official calls from the U.S. government for China to improve its human rights record - and the Olympic Games finally kicked off in Beijing on Friday.

As had been promised since the world's most populace country was first named as host nation, the opening ceremony was visually stunning, with China opening its doors to the world in a celebration of its history, people, and culture.

The ceremony, directed by Chinese filmmaker Zhang Yimou, stressed unity and showcased the country's history during the four-hour event in its Bird's Nest stadium.

Before a crowd of 91,000, the performers showcased the accomplishments of the Chinese people, including exploration, silk, art, and dance. The presentations were decidedly a-political, as organizers focused on culture rather than nationalism.

The traditional parade of athletes, where each country's delegation takes its walk through the stadium, was concluded by China. The countries proceeded in order by the Chinese alphabet, with the host nation entering last.

The Olympic flame was lit by gymnast Li Ning, who took home a trio of gold medals for China in 1984. With Ning airborne, suspended with wires, the torch ended a protest-marked, four-month journey around the globe by lighting the gigantic Olympic cauldron. The light will now burn for the remainder of the games.

The opening ceremony had an auspicious date - 08.08.08. The number 8 is looked at as a special, lucky number in China. Due in part to the superstition, 16,000 Chinese applied for marriage licenses on August 8, 2008 - more than twice the previous record for a single-day marriage license.

In China, cell phone numbers with the number 8 in them are more expensive, and it is common to see the number 8 on Chinese license plates.

The choice of China as the host nation for the Olympic games has been a controversial one, due to the country's human rights record, oppressive government and policies toward such minority interests as those in Tibet.

In what has often been referred to as China's coming-out party after years of growing economic and diplomatic power, the Olympics will place the country under close scrutiny.

In the days leading up to the ceremony, U.S. President George W. Bush expressed his concerns over human rights abuses in China, sparking a response from the Chinese government. On the President's recent tour in Asia, he urged China to respect human rights, a sensitive issue in the days leading up the opening ceremony.

"America stands in firm opposition to China's detention of political dissidents, human rights advocates, and religious activists," Bush said. "We speak out for a free press, freedom of assembly, and labor rights not to antagonize China's leaders, but because trusting its people with greater freedom is the only way for China to develop its full potential."

Bush placed his hope for the future in the hands of Chinese youth. He looked to the next generation in China to push for personal freedom, citing economic freedom as a precursor to other freedoms.

"Young people who grow up with the freedom to trade goods will ultimately demand the freedom to trade ideas, especially on an unrestricted Internet," he said. "Change in China will arrive on its own terms and in keeping with its own history and traditions. Yet change will arrive."

China's Foreign Ministry Spokesman Qin Gang responded to Bush's statements, saying that China is dedicated to "maintaining and promoting basic rights and freedom of its citizens," and accused Bush of meddling.

"We firmly oppose any statements or deeds which use human rights, religion and other issues to interfere with the internal affairs of other countries," Qin Gang said.

~~DOW 300 points ~~ Olympic Rally
38% retracement to 11760 R

ASIAN Market intraday~~ SSEC rallied from LT support 2700

~ Oil destroys the world wealth ~

Need to develop alternative energy which is the next stage of economic growth.

Oil leapt to a new record high near $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets triggered a wider commodities rally.

http://www.yourdailymedia.com/i/u/iUed00tj.jpg

~~ SSEC ~~


http://beta.investorshub.advfn.com/boards/read_msg.aspx?message_id=30066718

http://beta.investorshub.advfn.com/boards/read_msg.aspx?message_id=29995627

Posted by: __1Best__ Date: Friday, June 13, 2008 12:29:52 PM
In reply to: __1Best__ who wrote msg# 8894 Post # of 9069

~~China SSEC~~ market correction closing at 2868.80 down 3%


Posted by: __1Best__ Date: Wednesday, June 11, 2008 9:28:46 PM
In reply to: __1Best__ who wrote msg# 8893 Post # of 8957

~~ China SSEC ~~ recently pulled back 50% of March 2007 and topped on 10/16/2007 which I also noted the top at 6124.04 meeting the target of 6000 +/-.

http://trend-signals.blogspot.com/2008/06/blog-post_11.html

The recent US market price actions and other international market analysis, the China SSEC is showing a fractal formation of 1998-2000 Nasdaq price action which was followed by 50% correction in a few month, Mar-May 2000 50% correction of the 1998 breakout. The China SSEC corrected in similar fashion and it is trading at 3000 LT support which tested in April 20008.

As noted, I think that it is better to see a significant correction as we are facing global hyper-inflation.

Greenspan made huge two decade old bubbles after 1987 crash which I think that it is just a quick correction of 200% rally prior to the 1987 correction. We now have significant financial contraction in US; so, international market corrections are better than making bigger bubbles.

Breaking the China SSEC 3000 pivot support will be another confirmation for a significant correction.

~~ China SSEC ~~ recently pulled back 50% of March 2007 and topped on 10/16/2007 which I also noted the top at 6124.04 meeting the target of 6000 +/-.

http://trend-signals.blogspot.com/2008/06/blog-post_11.html

The recent US market price actions and other international market analysis, the China SSEC is showing a fractal formation of 1998-2000 Nasdaq price action which was followed by 50% correction in a few month, Mar-May 2000 50% correction of the 1998 breakout. The China SSEC corrected in similar fashion and it is trading at 3000 LT support which tested in April 20008.

As noted, I think that it is better to see a significant correction as we are facing global hyper-inflation.

Greenspan made huge two decade old bubbles after 1987 crash which I think that it is just a quick correction of 200% rally prior to the 1987 correction. We now have significant financial contraction in US; so, international market corrections are better than making bigger bubbles.

Breaking the China SSEC 3000 pivot support will be another confirmation for a significant correction targeting 2300 +/-.

Paulson, with Bernanke, knows how to print money to rip off Americans.

Along with trade-deficit tools


Who will be the next to rip off.



~~

Paulson Previews U.S.-China Strategic Economic Dialogue
6/10/2008 11:54 AM ET


Getting the economic relationship between the U.S. and China "right" is the key goal at next week's U.S.-China Strategic Economic Dialogue, Treasury Secretary Henry Paulson said Tuesday. Paulson previewed the SED meeting at the Carnegie Endowment for International Peace, outlining his desire for "sustainable economic growth" over the next 10 years.

The SED meeting will focus on five areas, Paulson said, including managing financial and macroeconomic cycles; developing human capital; the benefits of trade and open markets; enhancing investment; and advancing joint opportunities for cooperation in energy and the environment.

"Both the United States and the Chinese economies face current challenges, including adjusting to higher energy and food prices," Paulson said.

While the U.S. is struggling with the deepest housing slump since the Great Depression as well as a credit crunch, China is facing rising inflation as well as "external macroeconomic imbalances," Paulson noted.

"China's imbalances stem largely from an economic structure that has become too heavily dependent on industry, investment and exports," he explained. "This has led to a growing trade surplus, high energy use, environmental degradation and rising domestic inequality."

Specifically, Paulson cited the disparities in savings rates between the two countries, with the United States having a savings rate that is far lower than desired, while China's rate is too high. He cited China's excess precautionary savings as a major factor in the trade surplus.

At the conference, top U.S. and Chinese officials will "examine how we can promote mutual interests, including enhancing innovation and developing and protecting intellectual property intensive industries, improving food and product quality and safety, stopping the global trade in fake products, furthering transparency and rule of law, and supporting green energy and environmental product markets," the Treasury Secretary said.

Paulson discussed the challenges poised by rising energy prices that the U.S. economy is struggling with. The price of gasoline is now over $4 per gallon of regular unleaded in most of the country, and climbing crude prices indicate that there is no relief in the short term. In addition, food prices have also continued their steady climb, placing a burden on U.S. households.

At the same time, increasing oil demand from China has been cited as one of the factors pushing prices higher. Paulson discussed how these two oil-dependent countries are facing the energy challenges.

"As the two largest net importers of oil, China and the United States face similar challenges," Paulson said. "We have a strong and shared interest in avoiding supply disruptions, increasing energy efficiency, promoting the efficiency and transparency of the global energy markets to the benefit of all oil importing nations, and expanding the availability and use of alternative energy sources."

The Treasury Secretary urged China to go beyond joint efforts. He cited China's "numerous plans and ambitious goals" for reducing energy consumption, stating that "while I applaud this continued focus and am encouraged by this progress, further results cannot come fast enough."

Specifically, Paulson was critical of China's price controls on fuel. He noted the results of the United State's similar attempt during the oil crisis of the 1970s.

"Rather than achieving our intended result, we experienced winter heating oil shortages, supply problems, rationing, and a reduction in domestic oil and gas investment and exploration," Paulson said. "In some cases we attempted to control output prices without being able to control input prices, forcing operating losses and large cuts in supply."

The Treasury Secretary urged China to allow the market to function freely, without price controls.

"The United States learned that price controls interfere with the natural equilibrium of markets to match supply and demand, and lead to shortages," he said. "And because market forces can never be completely eliminated, price controls often lead to smuggling and corruption."

Paulson stressed the removal of barriers, both tariff and non-tariff, that China places on environmental goods and services.

"A high priority should be eliminating barriers on products, goods and services that can improve the health and welfare of the Chinese people," he said.

The SED dialogue, launched by President George W. Bush in 2006, includes twice-yearly meetings. The last meeting was in December, when goals for the continuation of dialogue were listed as: updates on the energy and environment plans, the beginning of exchange on investment policies, practices, and climates.

"The value of the SED to economic issues is clear," Paulson said. "The SED also increases U.S. - China collaboration on security and other key international issues, making our overall relationship stronger and broader."

China SSEC ~> Olympic Sponsors May Face Headwinds

A new poll shows 26 percent of consumers are less likely to buy a product from a company because it is an Olympic sponsor. Only half as many say they arte more likely.

http://www.cnbc.com/id/20164100

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=27084542

~~~

China SSEC reversed near at 3000 LT support, at alerted:

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28599239

China revised its policy to stimulate financial markets.

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=28834860

It is evident that we have LT top 6124 on 10/16/2007.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=23746356
http://investorshub.advfn.com/boards/replies.aspx?msg=23746356

China $SSEC: with long history, SSEC is still young. Good movie which has a lot of hidden meanings.


Twins Effect ~> It's OE week, so, considering all other technical readings, it will be nice to see "crash and burn" to reset markets for may/jun. However, intradays were sitting around doing nothing during the last week setting up for higher price on 60m +D; however, daily price actions momentum is decreasing. "Vampire Effect" a.k.a. Twins Effect - good movie.


http://countingdown.com/movies/2694323

http://investorshub.advfn.com/boards/read_msg.asp?message_id=29190970

China oil, energy increase, Oil price 1000% up, fooling
The world is duped by oil guzzlers.

China always claims they invented spagetti, golf, etc. Well, it is obvious that the world is fooled by oilers hiking 1000% and going up... up.

USA is fooled after 1999-2000 SUV big oil guzzler obsession. Now, after USA big market is flooded with big cars, the oil price is rocketing up.

Now, we are fooled with Obama who is pretending to be Christian, no muslim, no christian. Fooling

The price hype around the world with oil and gold price is the satan's weapon fooling most.


~~~


$BKX ARM fooling, OPEC oil big fool SUV 1000% price hike, Obama fooling muslim/christian mumbo jumbo





Obama Manchurian or Mohammedan Candidate?
By Judi McLeod
http://www.canadafreepress.com/2007/cover012207.htm






~~~



http://www.usvetdsp.com/dec06/obama_muslim.htm

Barak Hussein Obama - Who is he?
By Ted Sampley
U.S. Veteran Dispatch
December 29, 2006

After only being a U.S. Senator for a couple of years, Barak Hussein Obama, Democrat Senator from Chicago, has managed to catapult himself to the status of a messiah in the Democrat Party. The result is that ever since, he's been walking on water toward the White House.

Obama says after his visit with friends and family in Hawaii during the 2006 year-end holidays, he'll announce if he's going to run for president in 2008.

Bets are that he will.

Who is Obama and what has he done?

Independent columnist, Andy Martin (Out2.com) says he believes Obama is a political fraud who "lied to the American people."

Martin says Obama may be a threat to the Jewish community because he is a closet Muslim.

"I feel sad having to expose Barack Obama," says Martin, "but the man is a complete fraud. The truth is going to surprise, and disappoint, and outrage many people who were drawn to him. He has lied to the American people, and he has sought to misrepresent his own heritage.

"Obama's life story is vastly different from the one he portrays. My point: if he will lie about his mother and father, what else is he lying about? Can we expect 'bimbo eruptions?'

"Fiction: Obama stated in his Convention speech: 'My father … grew up herding goats.' The 'goat herder' claim has been repeated endlessly. It is a lie.

"Fact: Obama's grandfather, Hussein Onyango Obama was a prominent and wealthy farmer. His son, Obama's father, was a child of privilege, not privation. He was an outstanding student, not a herdsman.

"Fiction: Obama was given an 'African' name.

"Fact: Obama is a Muslim who has concealed his religion..

"He has treated his Muslim heritage as a dark secret. His grandfather was named 'Hussein.' That is an Arabic-Muslim, not African, name. Hussein was a devout Muslim and named his son, Barack Senior, 'Baraka.' Baraka is an Arabic word meaning 'blessed.' Baraka comes out of the Koran and Arabic, not Africa.

"Barack Senior was also a devoted Muslim, and also chose a Muslim name for his son, our own Barack Obama, Junior. Again, his name was an Arabic and Koranic.

"Fiction: Obama Senior was a harmless student 'immigrant' who came to the United States only to study.

"Fact: Obama was part of one of the most corrupt and violent organizations in Africa: the Kenyatta regime. Obama's father ran back to Kenya soon after the British left. It is likely Obama's father had Mau Mau sympathies or connections, or he would not have been welcomed into the murderous inner circle of rapists, murderers, and arsonists. I believe Obama's secret shame at his family history of rape, murder and arson is what actualizes him. Our research is not yet complete. We are seeking to examine British colonial records. Our investigation to date has drawn on information on three continents.

"And what about Obama's beloved Kenyan brothers and sisters? None of his family was invited to Boston to share his prominence. Are his relatives being kept in the closet? Where are they? More secrecy, more prevarication.

"It is time for Barack Obama to stop presenting a fantasy to the American people. We are forgiving and many would still support him. It may well be that his concealment is meant to endanger Israel. His Muslim religion would obviously raise serious questions in many Jewish circles where Obama now enjoys support," Martin said.

Debbie Schlussel, a conservative political commentator, columnist, was more pointedly critical about Obama's Islamic connections, she wrote on her blog, debbieschlussel.com/, "while Obama may not identify as a Muslim, that's not how the Arab and Muslim Streets see it.

"In Arab culture and under Islamic law, if your father is a Muslim, so are you. And once a Muslim, always a Muslim. You cannot go back. In Islamic eyes, Obama is certainly a Muslim. He may think he's a Christian, but they do not."

Is a man Muslims think is a Muslim, Schlussel asked on her blog, " a man we want as President when we are fighting the war of our lives against Islam? Where will his loyalties be?

"Is that even the man we'd want to be a heartbeat away from the Presidency, if Hillary Clinton offers him the Vice Presidential candidacy on her ticket (which he certainly wouldn't turn down)?"

Obama was born Aug. 4, 1961, in Honolulu, Hawaii, the son of Barack Hussein Obama Sr. of Nyangoma-Kogelo, Siaya District, Kenya, and Ann Dunham, of Wichita, Kan.

Obama senior met his wife, a white woman, when he was a student attending the University of Hawaii. Obama junior was born in Hawaii.

When he was two-years old, Obama's parents divorced and his father returned to Kenya, where he eventually served as a senior economist in the country's Ministry of Finance.

When Obama was six, his mother, an atheist, married Lolo Soetoro, an Indonesian Muslim and moved to Jakarta, Indonesia. Obama's half-sister, Maya Soetoro was born after the family moved to Indonesia.

Soetoro enrolled his stepson in one of Jakarta's Muslim Wahabbi schools. Wahabbism is the radical teaching that created the Muslim terrorists who are now waging Jihad on the rest of the world. Obama later attended a Catholic school in Indonesia.

At age 10 Obama was sent back to Hawaii to be raised by his white maternal grandparents and to attend the prestigious Punahou Academy.

He attended Occidental College, followed by Columbia College and Columbia University.

After Obama's parents divorced when he was two, he spent only one month with his father before his father's death in a vehicle wreck when Obama was 20.

After college, Obama entered Harvard Law where he was elected president of the Harvard Law Review. He received his law degree in 1991 and moved to Chicago where he took a job with a civil rights law firm.

Obama was elected to the Illinois State Senate in 1996. He lost in a bid for the U.S. House of Representatives in 2000 and was elected to the U.S. Senate in 2004.

Obama says he is a Christian with "deep faith rooted in the Christian tradition." He is a member of Trinity United Church of Christ of Chicago, which on its web site declares to be a "congregation which is Unashamedly Black and Unapologetically Christian" and "an African people" who "remain 'true to our native land,' the mother continent, the cradle of civilization."

Trinity United Church of Christ adopted a "Black Value System" which pledges allegiance "to all Black leadership who espouse and embrace the Black Value System" and a "personal commitment to embracement of the Black Value System."

According to ontheissues.org, Obama has proven himself to be a nearly perfect leftist democrat. He is pro-abortion, anti-gun, against ban of same-sex marriage, against teaching family values in public schools, against ban of flag burning, against privatizing Social Security, against the death penalty and three strikes laws, for hiring more women and minorities, for increased funding for health care and for campaign finance reform.

He believes in the separation of church and state - except when he campaigns in black churches.

Who is Barak Hussein Obama?

Many Democrats are promoting him in the media as the Democrat's best hope for winning the White House in 2008.

Referring to Obama's 2006 year-end visit with friends and family in Hawaii, Obama's half-sister, Maya Soetoro, recently stated: "He's going to make his decision here and announce it to us. Then he's probably going to officially announce his decision once he returns."

The Associated Press reported that Obama is expected back in Washington, DC the first week of January 2007.

China SSEC reversed at the LT support as noted that SSEC 3000 +/- is a major support.

http://investorshub.advfn.com/boards/read_msg.asp?message_id=28599239




~~~



Market watching policy moves to support equities
Commentary: Impact of Beijing policy tools should not be underestimated
By Craig Stephen

Last update: 5:45 p.m. EDT April 27, 2008

HONG KONG (MarketWatch) -- In the week ahead, focus is likely to remain on China's A-share markets after last week's controversial cut in stamp duty raised investors' hopes of a concerted policy shift to support domestic equity markets.
Over the week the Shanghai A-share market ended with a 15% gain -- the biggest weekly move since 1996.

It has been a widely held belief among mainland Chinese retail investors the government would direct its policy tools to resuscitate the ailing stock markets in time for the Beijing Olympics. As it's already promised cloudless skies and a bumper hoist of gold medals, it would surely not let proceedings be spoiled by toxic equity markets that recently flirted with levels 50% down from last year's highs.

The logic may seem straightforward, but can this really be an equity strategy for serious investors?

It appears some investment banks seem to think so.
HSBC Securities said in a new research note that last week's cut in stamp duty from 0.3% to 0.1% on A-shares is not a market bailout. Rather, it puts in place a stronger foundation for equities to move higher -- that is, along with measures to keep non-tradable shares off the market and new plans to introduce margin lending.

The brokerage said the stamp-duty cut equates to a 100 billion yuan ($14.3 billion) injection of capital this year set against tax receipts paid out. Last year, the Ministry of Finance collected over 200 billion yuan in tax receipts and 60 billion yuan in the first quarter of 2008.

They also argue that because this amount is greater than the total dividends paid to investors last year, it will change the mentality of A-share investors toward the more medium-to-long term. This latter point seems a bit of a stretch, however, when you stack such miniscule dividends up against the capital gains investors have grown used to.

But overall, there appears to be a belief in investment circles that the change in government policy could indeed herald an inflexion point in the market. Investing on such a premise might seem to be asking for trouble, but remember these are immature mainland Chinese equity markets, where for now at least, sentiment and momentum trading will likely trump fundamentals every time.

And in a country where the state controls what you watch on TV, what you read in the newspapers and how many children you have, it is surely not unreasonable for rookie investors to believe the government can also control the equity market.

If you look at how China has written its own equity market rulebook for A-shares, it certainly appears to be trying. This class of equity is largely off limits to foreign money, meaning it does not have to yield to the discipline of foreign institutional money punishing perceived bad policy, similar to other emerging markets.

Meanwhile, the IMF and others have highlighted how the IPO market is rigged to transfer equity gains to investors in a process that resembles a one-way equity bet. With the China Securities Regulatory Commission (CSRC) controlling the ultimate pricing on new issues, last year investors feasted on a conveyor belt of often tripe-digit first-day gains.

Investors will also have long enough memories to recall that it was the increase in stamp duty in May of last year that preceded the long correction in A-shares.

And when it comes to China's economy, as the state still owns or controls so many key industries, it arguably has much more scope than many countries to maneuver policy once it decides to change course.

The heavy hands of Beijing policy can be clumsy, but it's wise not to underestimate their impact. Getting things done is much simpler when inconveniences like democracy are absent, after all.

Hong Kong, for instance, has previously seen its market jolted into life after a policy shift by its giant neighbor. In 2003 many brokers were too busy dissecting the gloomy post-SARS outlook to realize the significance of a new travel permit allowing individual mainland visitors to visit Hong Kong. As hotels, shops and restaurants filled up with these new tourists, the market and economy were quickly hoisted off the floor. And last year, the Hang Seng Index was going nowhere fast until China proposed its investment "through train."
In an economy where the meddling hand of Beijing is a fact of life, policy risk for equities -- good and bad -- will have to be watched closely.

Perhaps the best advice is to stay focused on the earnings numbers China's corporates keep churning out. China Construction Bank (HK:939: news, chart, profile) just released a 167 % increase in first-quarter profit to 32.12 billion yuan. More results like that and perhaps Beijing will not be needed to coax the market higher.

"Being Smart", being smart with "Solar Power".... Oil to 120 +/-

http://www.homepower.com

SSEC LT Support at 3000 +/-

$SSEC bounced up from 3350 near LT breakout support 3500 +/- closing at 3580

Being smart, being smart with "Air Power"







God's gift: World's First Air-Powered Car: Zero Emissions


Air power news is a revolution which will lead our economy. Air power is the next generation of our energy source.


Air power is a revolution for all human race. It would be beneficial to focus on solving problems like all scientists in engineering field, and whoever, need to develop alternative energy. "Air Power" energy is the most effective, so far, superior than "Solar Power"!



http://www.popularmechanics.com/automotive/new_cars/4217016.html


I think that the Gov should give incentives and rebates to buy the air cars, so that many will have motivation to buy those.

Speak English, got to love U.S.A.

better: Paulson: commodity – buy, buy, buy


Bernanke and Bush: No stagflation, no recession

Distressed market and hyped commodity

Happy New Year SSEC chart looks good.

The problem with the current economic condition is high inflation because of high oil and commodity prices.

http://www.trend-signals.com/Comments/Inflation071210.htm

Oil price is still staying above 90.

US consumers can not handle oil above 100 and are very constrained with oil price 90.


http://investorshub.advfn.com/boards/read_msg.asp?message_id=25194032

Let's hope that we have 1997 scenario for US markets!

So far, it is 1997 scenario....

Good luck

http://investorshub.advfn.com/boards/read_msg.asp?message_id=22365390

http://investorshub.advfn.com/boards/read_msg.asp?message_id=24678488

$SSEC topped as of 10/16/2007, as alerted, after trading to 6124.04 meeting the target of 6000 +/- after breaking out in March 2007 from 15yr TL.

Now, it has traded from 6124.04 to 5032.57 retraced 17.8%, since the, it bounced to 5453. It is still in consolidation period as daily is oversold. I do not expect the 6124 was the top for VTL.

Good luck


~~~

ETF performance: Oversea markets are off 10-20% from the recent sellings. FXI is off 23% since $SSEC has shown on the top. I noted that $SSEC reached target and will go into consolidation period on 10/16. Since then, it corrected 17.80%. It has filled Oct 2007 gap and now it bounced up after trading to 5032 which is Sept2007 low support.

$SSEC is made new high today. Hopefully it will consolidate well. Good luck







God Will Not Fail





Karen Dockrey

Trust God? How can I trust someone whom I can't even see? Especially when the ones whom I can see have betrayed me.

Asking these questions shows how smart you are. Trust is tough stuff. And important stuff. So the way you grow trust matters a lot.

You know that you can't trust just anyone. You know that if it's hard to trust a person, it must be even harder to trust almighty God.

Isn't that right? Yes and no.

Yes, it's tremendously difficult to trust someone you can't see. But no, trusting God can be much easier than trusting a person.

God won't treat you the way people do. God is bigger than pride, bigger than ego, bigger than power. He has no need to abuse your trust or betray you.

In fact, to build trust upon trust, God has taken the first steps -- He created you and came to earth in the Person of Jesus Christ to show you what He's like.

God knows that:
1. when you trust Him, you'll believe that He does want joy for you;
2. when you trust Him, you'll believe how valuable you are;
3. when you trust how much He values you, you'll want to make good choices, build good relationships, choose good ways to spend your days;
4. when you want the best, you'll go to God who knows how to build the best.

Now you can take the next step—invite God to show you how to trust Him.

Then you'll want to obey God because you can trust him, not because you're afraid He'll get you if you don't. Trusting God is more like a journey than an instant arrival. Each time that you trust Him and see that He really is who He says He is, you'll find it easier to trust Him again.

Let these rhyming words help to show you how to develop your trust in God: need, feed, seed, weed, heed and feed again.

Need
You want and need someone to trust. Recognize that only God can fill the God-shaped empty space inside you. Once you let Him fill that emptiness, He'll add the other things that you need. In Matthew 6:33 we read, "Seek first His kingdom and His righteousness, and all these things will be given to you as well" (NIV).

Feed
As a tree planted by a stream draws water to live, you can draw constant strength and nourishment from God (Psalm 1:3). We seldom receive the gift of audibly hearing God's voice, but God has given us a guide—the Bible. Read a few verses each day and draw on the wisdom of those truths.

Seed
Trust does not hatch full-grown. Just as an acorn seed grows into an oak tree, trust grows daily too. At first it's flimsy, but eventually it's strong enough to weather storms.

To keep your seeds of trust growing:
1. Notice God's faithfulness. Throughout the days, years and generations before today God has shown that He is trustworthy. He has kept his promises--promises to be with His people when tough times come, promises to intervene in history to show His power.
2. Notice the uniqueness of God. Only God came to earth as Jesus Christ so that you can know Jesus. Only Jesus Christ rose from death never to die again. Only God can raise you from death and take you to heaven where you will never die again.
3. Notice God's personal care for you. Perhaps He has given you a parent who listens, understands and gives you advice you can use. Maybe you have a friend who really cares about what happens to you and listens with rapt attention. Maybe you have found a way to do math. These are God's gifts to you. The Bible describes these gifts: "Every good and perfect gift is from above, coming down from the Father of the heavenly lights, who does not change like the shifting shadows" (James 1:17, NIV).
4. Focus on the good. There are happy times and sad times in every day. If you focus on the good rather than whine about the bad, you'll find that you notice God's gifts to you.

Weed
Discover the difference between what God sends and what God allows to happen. Many people have trouble trusting God because a parent has died or a friend has committed suicide. These hard times are effects of this imperfect world, not vengeance sent from God. The Bible says, "God is light; in Him there is no darkness at all" (1 John 1:5, NIV). God grieves along with you when sad things happen. He does not take away those whom you love.

Heed
As you FEED on God's Word and WEED truth from fakery, live the truth. Do as the Bible says. You won't understand everything right away, but go ahead and do what you already understand. For example, the Bible says to love others as you love yourself (Matthew 22:39). Do you want to be listened to? Then listen to your friends and parents. Do you want to be taken seriously? Then take your friends and your parents seriously.

Feed Again
The better you know God, the easier you'll find it to trust and obey Him. And the more you'll sense how deeply God cherishes you. So learn more about God each day. Grow closer to the awesome God who treasures you beyond your wildest dreams. You can trust Him.

http://www.daretobeadaniel.com/SpiritualHelp_Articles.asp?ArticleID=9

This is what really happened today.

Must be sick bird (s) with eagle heads - like alleged greenspan swiss short account.

But there was good TOMO by Bernanke today.
http://www.bullandbearwise.com/FOMOOut.asp

Alleged greenspan swiss short account must be bigger with all large speculators' pessimistic positions. Goldman must be with short account customers today.



no wonder, market acted sick today

http://www.reuters.com/article/ousivMolt/idUSWAT00827620071015

This is what has happened today, no words necessary.

US & Euro markets


Asian Markets

$SSEC Shanghai trading near 6000, with the size of the country, I would not be surprised even if it trades over 10,000 in a few years.

5,899.826 - 5,968.013









International Markets

Asian Markets Trading at or near Resistance.
Will they they take the lead or mimick US markets earning season's jitters? Judged from the past the second case is more likely.

Market Performance today:

Let's see how momentum crazed market performed today.

Maybe it is hyperbola price actions setting up for all the cash in the world after bubbling up, crash them making money in short side setup?

Of course, we know who knows when to crash bubbling up markets.

-52wH	+52wL	Symbol	 Close 	 change 	% chg	Stock	 52wk H 	 52w L 	Volume 
 0.19%	22.66%	$COMPX	 2,811.61 	 7.70 	0.27%	Nasdaq Composite Index	 2,806.41 	 2,292.29 	1,922,466 
 -1.10%	19.81%	$IDX	 916.50 	 (0.68)	-0.07%	S&P 400 Midcap Index	 926.67 	 764.94 	0 
 -0.62%	19.37%	$INDU	 14,078.69 	 (85.84)	-0.61%	Dow Jones Industrial Average	 14,166.97 	 11,794.17 	1,263,080 
 -0.18%	16.29%	$INX	 1,562.47 	 (2.68)	-0.17%	S&P 500 Index	 1,565.27 	 1,343.57 	0 
 -1.32%	14.84%	$IUX	 845.19 	 (0.53)	-0.06%	Russell 2000 Stock Index	 856.48 	 736.00 	0 
 0.14%	29.89%	$NDX.X	 2,176.98 	 5.77 	0.27%	Nasdaq 100 Index	 2,173.95 	 1,675.98 	0 
 -0.15%	20.61%	$NYA.X	 10,262.99 	 (13.58)	-0.13%	NYSE Composite Index	 10,278.08 	 8,508.94 	0 
 -0.26%	16.60%	$OEX	 728.03 	 (1.76)	-0.24%	S&P 100 Index	 729.93 	 624.39 	0 
 -10.09%	9.96%	$TRAN	 4,933.53 	 (53.20)	-1.07%	Dow Jones Transportation Index	 5,487.05 	 4,486.60 	191,247 
 1.74%	46.54%	$XAU(D)	 176.45 	 3.01 	1.74%	PHLX Gold And Silver Sector In	 173.44 	 120.41 	0 
 0.15%	30.71%	$XAX.X	 2,425.86 	 8.99 	0.37%	AMEX Composite Index	 2,422.27 	 1,855.85 	0 
 -0.65%	19.35%	DIA	 140.73 	 (0.84)	-0.59%	Diamonds Trust, Series 1	 141.65 	 117.91 	9,723,400 
 -1.28%	15.05%	IWM	 84.11 	 (0.13)	-0.15%	iShares Russell 2000 Index Tr	 85.20 	 73.11 	50,178,380 
 -1.27%	19.62%	MDY	 166.41 	 (0.34)	-0.20%	S&P Midcap Dep Receipts	 168.55 	 139.11 	3,473,967 
 0.13%	30.00%	QQQQ	 53.52 	 0.13 	0.24%	PowerShares QQQ Trust Series 1	 53.45 	 41.17 	91,444,036 
 -0.25%	16.24%	SPY	 156.11 	 (0.37)	-0.24%	S&P Dep Receipts	 156.50 	 134.30 	99,855,614 
 			 ~~   ETFs 						 
 -2.07%	2.54%	AGG	 99.57 	 0.13 	0.13%	iShares Lehman Aggregate Bd Fd	 101.67 	 97.10 	711,540 
 -2.09%	24.13%	DBC	 27.68 	 0.32 	1.17%	DB Commodity Index Tracking Fd	 28.27 	 22.30 	307,200 
 -0.65%	19.35%	DIA	 140.73 	 (0.84)	-0.59%	Diamonds Trust, Series 1	 141.65 	 117.91 	9,723,400 
 -6.44%	9.27%	DVY	 70.94 	 (0.48)	-0.68%	iShares DJ Select Divid Index	 75.82 	 64.92 	266,900 
 -28.46%	1.54%	DXD	 45.44 	 0.65 	1.45%	UltraShort Dow 30 ProShares	 63.52 	 44.75 	2,397,978 
 0.23%	100.08%	EEB	 51.46 	 0.23 	0.45%	Claymore Exchge / BNY BRIC ETF	 51.34 	 25.72 	363,600 
 0.06%	60.36%	EEM	 158.03 	 0.20 	0.13%	iShares MSCI Emerg Mkt Index F	 157.94 	 98.55 	12,274,577 
 -1.19%	23.88%	EFA	 84.19 	 (0.16)	-0.19%	iShares MSCI EAFE Index Tr	 85.20 	 67.96 	5,991,039 
 -0.55%	53.07%	EPP	 172.60 	 (0.80)	-0.46%	iShares MSCI Pac Index Fd	 173.55 	 112.76 	247,800 
 -0.69%	53.44%	EWA	 33.02 	 (0.04)	-0.12%	iShares MSCI Australia Index F	 33.25 	 21.52 	1,837,347 
 0.15%	46.25%	EWC	 33.77 	 0.18 	0.54%	iShares MSCI Canada Index Fd	 33.72 	 23.09 	852,900 
 -2.55%	38.72%	EWD	 38.19 	 0.09 	0.24%	iShares MSCI Sweden Index Fd	 39.19 	 27.53 	87,400 
 -0.54%	45.79%	EWG	 34.99 	 (0.11)	-0.31%	iShares MSCI Germany Index Fd	 35.18 	 24.00 	816,160 
 -0.73%	52.08%	EWH	 21.90 	 (0.09)	-0.41%	iShares MSCI Hong Kong Idx Fd	 22.06 	 14.40 	5,633,617 
 -6.62%	24.54%	EWO	 39.08 	 (0.04)	-0.10%	iShares MSCI Austria Index Fd	 41.85 	 31.38 	90,000 
 -1.29%	29.13%	EWP	 61.40 	 (0.15)	-0.24%	iShares MSCI Spain Index Fd	 62.20 	 47.55 	571,200 
 -2.64%	24.93%	EWQ	 39.04 	 (0.15)	-0.38%	iShares MSCI France Index Fd	 40.10 	 31.25 	58,600 
 -1.95%	61.99%	EWS	 15.60 	 (0.32)	-2.01%	iShares MSCI Singapore(Free)In	 15.91 	 9.63 	2,909,800 
 -0.28%	35.71%	EWT	 17.67 	 (0.02)	-0.11%	iShares MSCI Taiwan Index Fd	 17.72 	 13.02 	5,413,529 
 -0.42%	20.46%	EWU	 26.38 	 (0.04)	-0.15%	iShares MSCI U.K. Index Fd	 26.49 	 21.90 	561,000 
 -0.39%	60.42%	EWY	 72.22 	 0.22 	0.31%	iShares MSCI South Korea Index	 72.50 	 45.02 	2,062,684 
 -0.55%	98.94%	EWZ	 79.18 	 (0.28)	-0.35%	iShares MSCI Brazil Index Fd	 79.62 	 39.80 	11,631,001 
 -1.06%	13.37%	FXE	 141.66 	 0.38 	0.27%	CurrencyShares Euro Trust	 143.18 	 124.95 	245,000 
 0.15%	133.96%	FXI	 192.34 	 0.34 	0.18%	iShares FTSE/Xinhua China 25	 192.05 	 82.21 	3,557,982 
 -0.84%	29.50%	GLD	 73.36 	 0.35 	0.48%	StreetTRACKS Gold Trust	 73.98 	 56.65 	4,613,500 
 -4.37%	19.62%	IDU	 100.00 	 (0.52)	-0.52%	iShares DJ US Utl Sect Index T	 104.57 	 83.60 	58,800 
 -2.28%	4.74%	IEF	 83.29 	 0.05 	0.06%	iShares Leh 7-10yr Treas Bd Fd	 85.23 	 79.52 	298,700 
 0.88%	46.63%	IGE	 131.97 	 1.20 	0.92%	iShs GS Natural Resources Fd	 130.82 	 90.00 	84,300 
 0.34%	28.38%	IGM	 62.33 	 0.25 	0.40%	iShares Gold Sach Tech Index T	 62.12 	 48.55 	151,200 
 -0.62%	27.66%	IGN	 38.21 	 0.04 	0.10%	iShs GS Networking Fd	 38.45 	 29.93 	49,000 
 0.13%	22.64%	IGV	 52.55 	 0.12 	0.23%	iShs GS Software Fd	 52.48 	 42.85 	209,600 
 -4.59%	15.03%	IGW	 67.98 	 (0.16)	-0.23%	iShs GS Semiconductor Fd	 71.25 	 59.10 	211,100 
 -0.32%	73.76%	ILF	 255.84 	 (0.20)	-0.08%	iShares S&P Latin Am 40 Index	 256.67 	 147.24 	242,200 
 -0.09%	20.39%	IWF	 63.23 	 0.07 	0.11%	iShares Russell 1000 Gwth Inde	 63.29 	 52.52 	2,158,600 
 -1.28%	15.05%	IWM	 84.11 	 (0.13)	-0.15%	iShares Russell 2000 Index Tr	 85.20 	 73.11 	50,178,380 
 -6.61%	12.36%	IWN	 80.01 	 (0.32)	-0.40%	iShares Russell 2000 Val Index	 85.67 	 71.21 	1,322,400 
 -1.47%	18.08%	IWR	 111.44 	 (0.13)	-0.12%	iShares Russell Midcap Index	 113.10 	 94.38 	128,000 
 -0.73%	13.03%	IYH	 72.34 	 (0.02)	-0.03%	iShares DJ Us Hlth Sec Index T	 72.87 	 64.00 	15,700 
 -15.52%	20.31%	IYR	 80.25 	 (0.11)	-0.14%	iShares DJ US R/E Index Tr	 94.99 	 66.70 	3,401,300 
 -15.52%	20.31%	IYR	 80.25 	 (0.11)	-0.14%	iShares DJ US R/E Index Tr	 94.99 	 66.70 	3,401,300 
 -10.06%	9.83%	IYT	 88.30 	 (1.09)	-1.22%	iShares DJ Transp Avg Ind Fd	 98.18 	 80.40 	391,200 
 -4.82%	10.07%	JPP	 56.30 	 (0.47)	-0.83%	SPDR Russell/Nomura Japan	 59.15 	 51.15 	100 
 -11.74%	8.73%	JSC	 48.94 	 (0.33)	-0.67%	SPDR Russell MIDCap Japan	 55.45 	 45.01 	14,700 
 -1.27%	19.62%	MDY	 166.41 	 (0.34)	-0.20%	S&P Midcap Dep Receipts	 168.55 	 139.11 	3,473,967 
 0.26%	28.06%	MTK	 68.59 	 0.26 	0.38%	SPDR Morg Stan Technology	 68.41 	 53.56 	230,800 
 -29.38%	16.02%	MZZ	 48.73 	 0.23 	0.47%	UltraShort MidCap400 ProShrs	 69.00 	 42.00 	235,400 
 -0.30%	16.88%	OEF	 72.90 	 (0.30)	-0.42%	iShares S&P 100 Index Fd	 73.12 	 62.37 	965,900 
 0.45%	62.30%	OIH	 197.45 	 6.02 	3.14%	Oil Service HOLDRS	 196.56 	 121.66 	10,989,000 
 -0.33%	44.19%	PBW	 23.95 	 0.35 	1.48%	PwrShr WilderHill Clean Energy	 24.03 	 16.61 	515,200 
 -2.52%	35.65%	PHO	 23.25 	 0.94 	4.21%	PwrShs Water Resources Prtflio	 23.85 	 17.14 	350,600 
 -8.94%	14.87%	PSI	 18.85 	 (0.10)	-0.53%	PwrShs Dynamic Semiconductors	 20.70 	 16.41 	50,800 
 -39.35%	0.06%	QID	 35.97 	 0.07 	0.19%	UltraShort QQQ ProShares	 59.31 	 35.95 	18,030,592 
 0.40%	54.50%	QLD	 116.85 	 0.50 	0.43%	ProShares Ultra QQQ Trust	 116.38 	 75.63 	1,608,942 
 0.13%	30.00%	QQQQ	 53.52 	 0.13 	0.24%	PowerShares QQQ Trust Series 1	 53.45 	 41.17 	91,444,036 
 -6.37%	9.46%	RTH	 101.80 	 (0.12)	-0.12%	Retail HOLDRS	 108.73 	 93.00 	4,104,600 
 -24.34%	0.58%	SDS	 48.45 	 0.26 	0.54%	UltraShort S&P 500 ProShares	 64.04 	 48.17 	5,668,221 
 -0.68%	1.57%	SHY	 80.89 	 0.02 	0.02%	iShares Leh 1-3yr Treas Bd Fd	 81.44 	 79.64 	477,074 
 -8.02%	16.31%	SMH	 38.09 	 (0.04)	-0.11%	Semiconductor HOLDRS	 41.41 	 32.75 	9,377,200 
 -0.25%	16.24%	SPY	 156.11 	 (0.37)	-0.24%	S&P Dep Receipts	 156.50 	 134.30 	99,855,614 
 -3.98%	7.24%	TLT	 88.15 	 0.08 	0.09%	iShares Leh 20+ Yr Treas Bd Fd	 91.80 	 82.20 	855,600 
 -1.31%	28.10%	TTH	 41.35 	 (0.25)	-0.60%	Telecom HOLDRS	 41.90 	 32.28 	38,300 
 -28.53%	17.60%	UNG	 39.08 	 0.97 	2.55%	United States Natural Gas Fund	 54.68 	 33.23 	1,188,510 
 -2.96%	46.50%	USO	 62.35 	 1.00 	1.63%	United States Oil Fund LP	 64.25 	 42.56 	1,521,900 
 0.06%	63.41%	VWO	 110.50 	 0.73 	0.67%	Vanguard Emerging Markets ETF	 110.43 	 67.62 	636,437 
 -41.92%	10.77%	XHB	 23.25 	 0.32 	1.40%	SPDR S&P Homebuilders	 40.03 	 20.99 	1,712,100 
 -1.48%	35.56%	XLB	 43.15 	 (0.26)	-0.60%	S&P Sel Materials Spdr Fund	 43.80 	 31.83 	5,559,296 
 0.62%	47.86%	XLE	 76.77 	 0.81 	1.07%	S&P Sel Energy Spdr Fund	 76.30 	 51.92 	20,856,103 
 -6.95%	12.66%	XLF	 35.50 	 (0.25)	-0.70%	S&P Sel Financial Spdr Fund	 38.15 	 31.51 	27,516,371 
 -1.07%	23.00%	XLI	 41.45 	 (0.40)	-0.95%	S&P Sel Industrial Spdr Fund	 41.90 	 33.70 	1,856,600 
 0.11%	24.67%	XLK	 27.74 	 0.06 	0.22%	S&P Sel Technology Spdr Fund	 27.71 	 22.25 	1,801,642 
 0.18%	11.87%	XLP	 28.08 	 0.12 	0.43%	S&P Sel Consum Staples Spdr Fu	 28.03 	 25.10 	2,557,100 
 -4.64%	19.79%	XLU	 41.10 	 (0.31)	-0.75%	S&P Sel Utilities Spdr Fund	 43.10 	 34.31 	2,919,300 
 -7.03%	10.51%	XLY	 37.84 	 (0.07)	-0.18%	S&P Sel Consum Discretion'y Sp	 40.70 	 34.24 	2,152,181 
 			 ~Nasdaq 100 Index (100) 						 
 0.14%	29.89%	$NDX.X	 2,176.98 	 5.77 	0.27%	Nasdaq 100 Index	 2,173.95 	 1,675.98 	0 
 -2.62%	129.52%	AAPL	 166.63 	 (1.29)	-0.77%	Apple Inc	 171.11 	 72.60 	23,751,127 
 0.33%	23.81%	ADBE	 45.50 	 0.60 	1.33%	Adobe Systems	 45.35 	 36.75 	7,194,973 
 -0.94%	48.64%	ADSK	 50.70 	 -   	0.00%	Autodesk, Inc	 51.18 	 34.11 	1,407,460 
 -37.86%	33.66%	AKAM	 37.09 	 1.43 	4.01%	Akamai Technologies	 59.69 	 27.75 	12,631,788 
 -7.74%	38.26%	ALTR	 24.21 	 (0.22)	-0.90%	Altera Corp	 26.24 	 17.51 	6,529,670 
 -12.17%	19.95%	AMAT	 20.20 	 (0.47)	-2.27%	Applied Materials	 23.00 	 16.84 	30,226,295 
 -25.26%	19.15%	AMGN	 57.55 	 0.54 	0.95%	Amgen Inc	 77.00 	 48.30 	9,021,633 
 -10.18%	34.54%	AMLN	 47.83 	 (0.48)	-1.00%	Amylin Pharmaceuticals	 53.25 	 35.55 	1,976,475 
 -2.07%	198.36%	AMZN	 94.73 	 (0.78)	-0.82%	Amazon.com Inc	 96.73 	 31.75 	5,559,192 
 -3.18%	90.28%	APOL	 63.42 	 0.17 	0.27%	Apollo Group'A'	 65.50 	 33.33 	1,997,799 
 -1.95%	62.59%	ATVI	 23.12 	 (0.45)	-1.92%	Activision Inc	 23.58 	 14.22 	6,861,136 
 -19.18%	9.13%	BBBY	 35.01 	 (0.34)	-0.95%	Bed Bath & Beyond	 43.32 	 32.08 	1,902,110 
 -17.47%	31.81%	BEAS(E)	 13.84 	 (0.19)	-1.35%	Bea Systems	 16.77 	 10.50 	6,372,025 
 -2.30%	57.28%	BIIB	 67.41 	 0.17 	0.25%	Biogen Idec	 69.00 	 42.86 	2,341,036 
 1.28%	50.78%	BRCM	 40.41 	 0.12 	0.29%	Broadcom Corp'A'	 39.90 	 26.80 	10,466,934 
 -12.33%	26.11%	CDNS	 21.83 	 0.03 	0.15%	Cadence Design Systems	 24.90 	 17.31 	4,120,387 
 0.13%	50.23%	CDWC	 87.60 	 0.06 	0.06%	CDW Corp	 87.49 	 58.31 	2,016,819 
 1.84%	73.71%	CELG	 75.18 	 1.10 	1.49%	Celgene Corp	 73.82 	 43.28 	3,402,230 
 -10.96%	16.83%	CEPH	 75.53 	 (0.22)	-0.29%	Cephalon Inc	 84.83 	 64.65 	943,591 
 -0.98%	34.43%	CHKP	 26.20 	 (0.20)	-0.77%	Check Point Software Tech	 26.46 	 19.49 	1,147,339 
 -10.47%	32.10%	CHRW	 52.10 	 (1.29)	-2.41%	C.H. Robinson Worldwide Inc	 58.19 	 39.44 	1,195,138 
 0.15%	41.21%	CKFR	 47.22 	 -   	0.00%	Checkfree Corp	 47.15 	 33.44 	749,018 
 -21.57%	2.56%	CMCSA	 23.67 	 (0.20)	-0.84%	Comcast Cl'A'	 30.18 	 23.08 	21,160,675 
 5.41%	40.23%	COST	 69.12 	 5.82 	9.19%	Costco Wholesale	 65.57 	 49.29 	27,370,367 
 -0.42%	42.84%	CSCO	 33.24 	 0.19 	0.57%	Cisco Systems	 33.38 	 23.27 	36,739,497 
 -15.56%	6.66%	CTAS	 37.01 	 (0.08)	-0.20%	Cintas Corp	 43.83 	 34.70 	1,884,703 
 -11.05%	25.72%	CTSH	 84.99 	 (0.17)	-0.20%	Cognizant Tech Solutions'A'	 95.55 	 67.60 	1,702,121 
 -0.79%	58.70%	CTXS	 41.42 	 0.23 	0.56%	Citrix Systems	 41.75 	 26.10 	2,353,895 
 -5.20%	29.89%	DELL(E)	 28.07 	 0.17 	0.61%	Dell Inc	 29.61 	 21.61 	9,061,605 
 -2.72%	100.83%	DISCA	 29.00 	 0.02 	0.08%	Discovery Holding Co Series A	 29.81 	 14.44 	1,651,601 
 -6.29%	49.04%	DISH	 48.87 	 0.48 	0.99%	EchoStar Communications'A'	 52.15 	 32.79 	2,374,209 
 -1.33%	39.15%	EBAY	 39.38 	 0.19 	0.49%	Ebay Inc	 39.91 	 28.30 	5,877,881 
 -7.14%	19.76%	ERIC	 40.31 	 (0.17)	-0.42%	Ericsson(LM)tel'B'ADS	 43.41 	 33.66 	3,573,681 
 -0.56%	29.48%	ERTS	 59.91 	 (0.17)	-0.28%	Electronic Arts	 60.25 	 46.27 	2,459,559 
 -0.86%	100.07%	ESRX	 58.82 	 0.45 	0.76%	Express Scripts	 59.33 	 29.40 	2,199,999 
 -6.15%	33.41%	EXPD	 51.11 	 (0.90)	-1.74%	Expeditors Intl of Washington	 54.46 	 38.31 	5,609,023 
 -2.13%	117.99%	EXPE(F)	 34.53 	 (0.04)	-0.13%	Expedia Inc	 35.28 	 15.84 	2,961,896 
 -6.89%	49.14%	FAST	 49.29 	 0.49 	1.00%	Fastenal Co	 52.94 	 33.05 	1,104,722 
 -8.52%	23.98%	FISV	 54.75 	 (0.26)	-0.48%	Fiserv Inc	 59.85 	 44.16 	968,978 
 -11.61%	10.15%	FLEX	 11.72 	 0.14 	1.20%	Flextronics Intl	 13.26 	 10.64 	6,369,642 
 0.89%	258.42%	FWLT	 148.60 	 2.49 	1.69%	Foster Wheeler Ltd	 147.29 	 41.46 	1,763,296 
 -0.55%	19.42%	GENZ	 70.11 	 0.40 	0.58%	Genzyme Corporation	 70.50 	 58.71 	3,784,876 
 1.65%	38.89%	GILD	 43.00 	 0.89 	2.11%	Gilead Sciences	 42.30 	 30.96 	6,802,489 
 0.16%	49.93%	GOOG	 624.75 	 9.52 	1.55%	Google Inc Cl A	 623.78 	 416.70 	5,336,256 
 -9.34%	149.97%	GRMN	 111.31 	 (1.08)	-0.97%	Garmin Ltd	 122.78 	 44.53 	4,434,228 
 -27.57%	18.38%	IACI	 29.69 	 (0.14)	-0.47%	IAC/InterActiveCorp New	 40.99 	 25.08 	1,587,364 
 -9.73%	25.66%	INFY	 55.29 	 1.52 	2.82%	Infosys Technologies ADS	 61.25 	 44.00 	4,127,615 
 -2.71%	37.92%	INTC	 25.86 	 -   	0.00%	Intel Corp	 26.58 	 18.75 	38,208,900 
 -9.73%	24.25%	INTU	 32.48 	 0.29 	0.90%	Intuit Inc	 35.98 	 26.14 	2,181,983 
 -1.07%	200.68%	ISRG	 259.19 	 1.88 	0.73%	Intuitive Surgical	 261.99 	 86.20 	824,769 
 -11.50%	33.33%	JAVA	 6.00 	 0.03 	0.50%	Sun Microsystems Inc	 6.78 	 4.50 	33,018,701 
 -0.97%	126.80%	JNPR	 37.58 	 (0.25)	-0.65%	Juniper Networks	 37.95 	 16.57 	6,799,147 
 -20.40%	41.15%	JOYG	 52.14 	 (0.28)	-0.55%	Joy Global	 65.50 	 36.94 	1,682,047 
 -15.11%	16.62%	KLAC	 53.20 	 (1.45)	-2.67%	KLA-Tencor Corp	 62.67 	 45.62 	7,090,132 
 -19.16%	16.01%	LAMR	 54.93 	 (0.69)	-1.24%	Lamar Advertising 'A'	 67.95 	 47.35 	1,936,398 
 -6.07%	68.81%	LBTYA	 42.27 	 0.11 	0.26%	Liberty Global Inc Cl A	 45.00 	 25.04 	1,664,714 
 -22.05%	14.01%	LINTA	 20.18 	 0.02 	0.12%	Liberty Media Hldg Inter Ser A	 25.89 	 17.70 	3,983,738 
 -11.25%	15.98%	LLTC	 34.47 	 (0.07)	-0.21%	Linear Technology Corp	 38.84 	 29.72 	6,811,705 
 -5.23%	35.77%	LOGI	 29.00 	 (0.33)	-1.15%	Logitech Intl ADR	 30.60 	 21.36 	1,506,334 
 -9.55%	27.63%	LRCX(E)	 55.01 	 0.23 	0.43%	Lam Research	 60.82 	 43.10 	3,597,259 
 -28.97%	12.85%	LVLT	 4.83 	 (0.08)	-1.71%	Level 3 Communications	 6.80 	 4.28 	26,358,606 
 -23.17%	4.99%	MCHP	 32.62 	 0.61 	1.90%	Microchip Technology	 42.46 	 31.07 	7,341,007 
 -9.03%	117.69%	MICC(F)	 90.80 	 1.11 	1.25%	Millicom Intl Cellular S.A.	 99.81 	 41.71 	751,939 
 -33.58%	12.42%	MNST	 36.39 	 (0.01)	-0.02%	Monster Worldwide	 54.79 	 32.37 	1,976,633 
 -21.78%	9.51%	MRVL	 16.70 	 0.06 	0.36%	Marvell Technology Group	 21.35 	 15.25 	13,844,179 
 -5.06%	13.18%	MSFT	 30.23 	 0.10 	0.33%	Microsoft Corp	 31.84 	 26.71 	33,307,585 
 -18.49%	6.04%	MXIM(H)	 28.79 	 (0.08)	-0.28%	Maxim Integrated Prod	 35.32 	 27.15 	3,323,409 
 -20.98%	18.06%	NIHD	 71.46 	 (0.36)	-0.50%	NII Holdings	 90.43 	 60.53 	3,754,641 
 -32.24%	25.10%	NTAP	 28.16 	 0.25 	0.91%	Network Appliance	 41.56 	 22.51 	8,026,400 
 -2.95%	97.06%	NVDA	 36.83 	 (0.35)	-0.94%	Nvidia Corp	 37.95 	 18.69 	9,700,543 
 1.06%	43.52%	ORCL	 22.92 	 0.34 	1.48%	Oracle Corp	 22.68 	 15.97 	32,019,270 
 -10.12%	17.43%	PAYX	 42.37 	 (0.07)	-0.17%	Paychex Inc	 47.14 	 36.08 	1,254,313 
 -43.28%	-0.71%	PCAR	 55.94 	 (2.60)	-4.44%	Paccar Inc	 98.63 	 56.34 	2,320,729 
 -1.95%	23.94%	PDCO	 39.30 	 (0.33)	-0.83%	Patterson Companies	 40.08 	 31.71 	544,473 
 -12.54%	11.62%	PETM	 31.03 	 (1.60)	-4.94%	Petsmart Inc	 35.48 	 27.80 	5,945,708 
 -21.84%	6.06%	PTEN	 22.05 	 (0.17)	-0.78%	Patterson-UTI Energy	 28.21 	 20.79 	3,870,358 
 -11.36%	23.14%	QCOM	 42.30 	 (0.32)	-0.76%	Qualcomm Inc	 47.72 	 34.35 	13,030,461 
 -1.68%	224.44%	RIMM	 116.80 	 1.30 	1.13%	Research In Motion	 118.80 	 36.00 	22,157,451 
 -21.27%	9.10%	ROST	 27.69 	 0.59 	2.18%	Ross Stores	 35.17 	 25.38 	1,422,981 
 -8.63%	47.26%	RYAAY	 45.43 	 0.77 	1.72%	Ryanair Holdings ADS	 49.72 	 30.85 	634,999 
 -33.39%	5.67%	SBUX	 26.65 	 (0.22)	-0.83%	Starbucks Corp	 40.01 	 25.22 	7,778,282 
 -55.96%	7.61%	SEPR	 27.85 	 (0.22)	-0.79%	Sepracor Inc	 63.24 	 25.88 	1,144,509 
 -24.99%	18.65%	SHLD	 146.40 	 0.89 	0.61%	Sears Holding Corporation	 195.18 	 123.39 	2,311,430 
 -2.10%	46.45%	SIAL	 49.91 	 (0.32)	-0.63%	Sigma-Aldrich	 50.98 	 34.08 	380,267 
 -16.02%	37.97%	SIRI	 3.67 	 0.09 	2.52%	Sirius Satellite Radio	 4.37 	 2.66 	57,461,872 
 -17.10%	44.05%	SNDK	 51.60 	 0.24 	0.47%	SanDisk Corp	 62.24 	 35.82 	8,361,127 
 -19.79%	6.75%	SPLS	 22.46 	 (0.19)	-0.84%	Staples Inc	 28.00 	 21.04 	5,953,745 
 -5.36%	29.63%	SYMC	 21.00 	 (0.16)	-0.76%	Symantec Corp	 22.19 	 16.20 	12,092,239 
 -1.67%	45.93%	TEVA	 44.26 	 0.16 	0.36%	Teva Pharm Indus ADR	 45.01 	 30.33 	3,897,911 
 -35.70%	0.23%	TLAB	 8.79 	 (0.09)	-1.00%	Tellabs, Inc	 13.67 	 8.77 	9,510,230 
 -5.57%	63.70%	UAUA	 48.70 	 (0.63)	-1.28%	UAL Corp	 51.57 	 29.75 	1,903,908 
 -18.23%	13.83%	VMED	 24.53 	 (0.11)	-0.43%	Virgin Media Inc	 30.00 	 21.55 	1,097,299 
 -1.70%	69.60%	VRSN	 34.09 	 0.07 	0.20%	Verisign Inc	 34.68 	 20.10 	4,518,699 
 -19.85%	42.01%	VRTX	 36.37 	 0.72 	2.02%	Vertex Pharmaceuticals	 45.38 	 25.61 	1,682,464 
 -23.59%	40.61%	WFMI	 50.62 	 (2.12)	-4.01%	Whole Foods Market	 66.25 	 36.00 	4,087,553 
 -8.02%	121.42%	WYNN	 155.79 	 4.45 	2.94%	Wynn Resorts	 169.38 	 70.36 	2,385,537 
 -15.80%	13.23%	XLNX	 25.68 	 (0.93)	-3.49%	Xilinx Inc	 30.50 	 22.68 	8,953,555 
 -12.88%	55.60%	XMSR	 15.42 	 (0.02)	-0.16%	XM Satellite Radio'A'	 17.70 	 9.91 	6,214,084 
 -0.58%	45.41%	XRAY	 42.81 	 (0.16)	-0.36%	Dentsply Intl	 43.06 	 29.44 	841,984 
 -15.65%	27.30%	YHOO	 28.35 	 -   	0.00%	Yahoo Inc	 33.61 	 22.27 	14,788,266 
 			 ~Dow Jones Industrial Avg (30) 						 
 -0.62%	19.37%	$INDU	 14,078.69 	 (85.84)	-0.61%	Dow Jones Industrial Average	 14,166.97 	 11,794.17 	1,263,080 
 -20.59%	46.76%	AA	 38.73 	 (1.03)	-2.58%	Alcoa Inc	 48.77 	 26.39 	27,865,184 
 -6.08%	14.22%	AIG	 68.53 	 (1.50)	-2.14%	Amer Intl Group	 72.97 	 60.00 	14,285,590 
 -6.07%	14.80%	AXP	 61.89 	 (0.83)	-1.33%	American Express Company	 65.89 	 53.91 	6,591,881 
 -8.49%	26.89%	BA	 98.68 	 (2.77)	-2.73%	Boeing Co	 107.83 	 77.77 	25,294,300 
 -17.30%	5.55%	C	 47.14 	 (0.52)	-1.09%	Citigroup Inc	 57.00 	 44.66 	29,089,053 
 -6.71%	39.98%	CAT	 81.16 	 (1.28)	-1.55%	Caterpillar Inc	 87.00 	 57.98 	4,990,900 
 -9.07%	10.23%	DD	 49.01 	 (0.45)	-0.91%	Dupont(E.I.)Denemours	 53.90 	 44.46 	2,545,360 
 -4.10%	14.62%	DIS	 35.28 	 (0.19)	-0.53%	Disney (Walt) Co	 36.79 	 30.78 	4,690,400 
 -0.81%	23.33%	GE	 41.81 	 (0.21)	-0.50%	General Electric	 42.15 	 33.90 	19,112,300 
 -1.37%	33.84%	GM	 38.13 	 (0.36)	-0.93%	General Motors	 38.66 	 28.49 	9,074,771 
 -19.90%	5.65%	HD	 33.65 	 (0.17)	-0.50%	Home Depot Inc	 42.01 	 31.85 	16,489,205 
 -1.92%	48.91%	HON	 60.71 	 (0.73)	-1.19%	Honeywell Intl	 61.90 	 40.77 	4,847,800 
 -0.46%	38.30%	HPQ	 52.25 	 (0.21)	-0.40%	Hewlett-Packard	 52.49 	 37.78 	8,998,800 
 -0.82%	41.57%	IBM	 118.62 	 -   	0.00%	Intl Business Machines Corp	 119.60 	 83.79 	5,891,300 
 -2.71%	37.92%	INTC	 25.86 	 -   	0.00%	Intel Corp	 26.58 	 18.75 	38,208,900 
 -5.16%	10.23%	JNJ	 65.83 	 (0.38)	-0.57%	Johnson & Johnson	 69.41 	 59.72 	8,488,888 
 -11.91%	11.27%	JPM	 46.91 	 (0.66)	-1.40%	JPMorgan Chase & Co	 53.25 	 42.16 	17,257,000 
 -0.79%	32.37%	KO	 57.87 	 0.13 	0.22%	Coca-Cola Co	 58.33 	 43.72 	6,602,099 
 -0.75%	42.58%	MCD	 57.03 	 (0.40)	-0.70%	McDonald's Corp	 57.46 	 40.00 	6,494,600 
 -0.19%	31.44%	MMM	 95.82 	 0.18 	0.19%	3M Co	 96.00 	 72.90 	2,925,736 
 -3.05%	19.84%	MO	 70.00 	 0.05 	0.08%	Altria Group	 72.20 	 58.41 	8,123,000 
 -3.46%	27.93%	MRK	 53.23 	 (0.27)	-0.50%	Merck & Co	 55.14 	 41.61 	5,663,900 
 -5.06%	13.18%	MSFT	 30.23 	 0.10 	0.33%	Microsoft Corp	 31.84 	 26.71 	33,307,585 
 -10.39%	10.42%	PFE	 25.54 	 0.05 	0.20%	Pfizer, Inc	 28.50 	 23.13 	29,245,589 
 0.07%	18.17%	PG	 71.40 	 0.28 	0.40%	Procter & Gamble	 71.35 	 60.42 	7,250,800 
 -2.84%	31.50%	T	 41.75 	 (0.01)	-0.03%	AT&T Inc	 42.97 	 31.75 	15,704,827 
 -2.42%	30.26%	UTX	 80.50 	 (0.87)	-1.07%	United Technologies	 82.50 	 61.80 	3,434,300 
 -0.07%	34.21%	VZ	 45.63 	 0.08 	0.18%	Verizon Communications	 45.66 	 34.00 	9,436,464 
 -12.58%	8.32%	WMT	 45.59 	 0.38 	0.84%	Wal-Mart Stores	 52.15 	 42.09 	15,811,050 
 -0.91%	40.57%	XOM	 93.13 	 0.39 	0.42%	Exxon Mobil	 93.99 	 66.25 	18,288,262 
 			 ~S&P 100 Index (100) 						 
 -0.26%	16.60%	$OEX	 728.03 	 (1.76)	-0.24%	S&P 100 Index	 729.93 	 624.39 	0 
 -20.59%	46.76%	AA	 38.73 	 (1.03)	-2.58%	Alcoa Inc	 48.77 	 26.39 	27,865,184 
 -2.62%	129.52%	AAPL	 166.63 	 (1.29)	-0.77%	Apple Inc	 171.11 	 72.60 	23,751,127 
 -8.84%	19.45%	ABT	 54.24 	 (0.08)	-0.14%	Abbott Laboratories	 59.50 	 45.41 	6,831,500 
 -7.22%	21.34%	AEP	 47.54 	 (0.59)	-1.21%	Amer Electric Pwr	 51.24 	 39.18 	1,834,200 
 -11.96%	27.86%	AES	 21.34 	 0.11 	0.51%	AES Corp	 24.24 	 16.69 	3,759,000 
 -6.08%	14.22%	AIG	 68.53 	 (1.50)	-2.14%	Amer Intl Group	 72.97 	 60.00 	14,285,590 
 -11.52%	16.46%	ALL	 58.52 	 (0.24)	-0.41%	Allstate Corp	 66.14 	 50.25 	2,153,000 
 -25.26%	19.15%	AMGN	 57.55 	 0.54 	0.95%	Amgen Inc	 77.00 	 48.30 	9,021,633 
 -7.17%	59.43%	ATI	 111.12 	 (3.63)	-3.14%	Allegheny Technologies	 119.70 	 69.70 	3,878,500 
 -10.39%	29.35%	AVP	 37.50 	 0.05 	0.13%	Avon Products	 41.85 	 28.99 	937,159 
 -6.07%	14.80%	AXP	 61.89 	 (0.83)	-1.33%	American Express Company	 65.89 	 53.91 	6,591,881 
 -8.49%	26.89%	BA	 98.68 	 (2.77)	-2.73%	Boeing Co	 107.83 	 77.77 	25,294,300 
 -5.05%	12.42%	BAC	 52.30 	 (0.27)	-0.51%	Bank of America Corporation	 55.08 	 46.52 	14,469,087 
 -5.69%	28.26%	BAX	 55.64 	 0.11 	0.20%	Baxter Intl	 59.00 	 43.38 	1,505,169 
 3.15%	55.32%	BHI	 96.70 	 4.49 	4.87%	Baker Hughes Inc	 93.75 	 62.26 	7,070,400 
 -4.24%	35.12%	BK	 44.94 	 (0.08)	-0.19%	Bank Of New York	 46.93 	 33.26 	3,525,600 
 -8.41%	23.82%	BMY	 29.63 	 (0.22)	-0.74%	Bristol-Myers SQUIBB	 32.35 	 23.93 	6,412,700 
 -10.38%	19.65%	BNI	 85.56 	 (1.06)	-1.23%	Burlington Northn Santa Fe	 95.47 	 71.51 	1,731,800 
 -5.31%	13.49%	BUD	 52.26 	 0.58 	1.12%	Anheuser-Busch Cos	 55.19 	 46.05 	4,129,200 
 -17.30%	5.55%	C	 47.14 	 (0.52)	-1.09%	Citigroup Inc	 57.00 	 44.66 	29,089,053 
 -6.71%	39.98%	CAT	 81.16 	 (1.28)	-1.55%	Caterpillar Inc	 87.00 	 57.98 	4,990,900 
 -14.60%	11.71%	CBS	 30.53 	 (0.18)	-0.59%	CBS Corporation	 35.75 	 27.33 	6,148,400 
 -2.67%	24.34%	CCU	 37.55 	 0.27 	0.72%	Clear Channel Communications	 38.58 	 30.20 	6,764,400 
 -7.00%	39.60%	CI	 53.58 	 0.16 	0.29%	Cigna Corp	 57.61 	 38.38 	1,191,200 
 -0.32%	22.61%	CL	 72.77 	 (0.15)	-0.21%	Colgate-Palmolive	 73.00 	 59.35 	3,862,300 
 -21.57%	2.56%	CMCSA	 23.67 	 (0.20)	-0.84%	Comcast Cl'A'	 30.18 	 23.08 	21,160,675 
 -15.52%	19.06%	COF	 70.83 	 (1.15)	-1.60%	Capital One Financial	 83.84 	 59.49 	2,256,320 
 -4.52%	51.36%	COP	 86.73 	 0.89 	1.04%	ConocoPhillips	 90.84 	 57.30 	9,480,200 
 -7.78%	12.47%	COV	 41.50 	 0.29 	0.69%	Covidien Ltd	 45.00 	 36.90 	4,082,200 
 -15.87%	3.40%	CPB	 35.88 	 (0.27)	-0.74%	Campbell Soup	 42.65 	 34.70 	2,016,400 
 -0.42%	42.84%	CSCO	 33.24 	 0.19 	0.57%	Cisco Systems	 33.38 	 23.27 	36,739,497 
 -2.85%	43.41%	CVS	 38.85 	 -   	0.00%	CVS Caremark Corporation	 39.99 	 27.09 	5,427,700 
 -3.58%	46.16%	CVX	 92.08 	 (0.72)	-0.78%	Chevron Corporation	 95.50 	 63.00 	11,507,826 
 -9.07%	10.23%	DD	 49.01 	 (0.45)	-0.91%	Dupont(E.I.)Denemours	 53.90 	 44.46 	2,545,360 
 -5.20%	29.89%	DELL(E)	 28.07 	 0.17 	0.61%	Dell Inc	 29.61 	 21.61 	9,061,605 
 -4.10%	14.62%	DIS	 35.28 	 (0.19)	-0.53%	Disney (Walt) Co	 36.79 	 30.78 	4,690,400 
 -6.59%	15.37%	DOW	 44.80 	 (0.22)	-0.50%	Dow Chemical	 47.96 	 38.83 	3,815,653 
 3.01%	89.19%	EMC	 22.57 	 0.76 	3.48%	EMC Corp	 21.91 	 11.93 	74,754,525 
 -7.33%	30.40%	EP	 17.20 	 0.04 	0.25%	El Paso Corp	 18.56 	 13.19 	6,727,569 
 -4.53%	42.52%	ETR	 115.01 	 (0.88)	-0.76%	Entergy Corp	 120.47 	 80.70 	748,700 
 -6.39%	33.70%	EXC	 77.32 	 (0.87)	-1.11%	Exelon Corp	 82.60 	 57.83 	2,286,200 
 -15.15%	20.15%	F	 8.23 	 (0.09)	-1.08%	Ford Motor	 9.70 	 6.85 	35,514,775 
 -11.64%	8.05%	FDX	 107.29 	 0.14 	0.13%	FedEx Corp	 121.42 	 99.30 	1,569,600 
 -1.79%	24.09%	GD	 85.98 	 (1.57)	-1.80%	General Dynamics Corp	 87.55 	 69.29 	1,324,415 
 -0.81%	23.33%	GE	 41.81 	 (0.21)	-0.50%	General Electric	 42.15 	 33.90 	19,112,300 
 -1.37%	33.84%	GM	 38.13 	 (0.36)	-0.93%	General Motors	 38.66 	 28.49 	9,074,771 
 0.16%	49.93%	GOOG	 624.75 	 9.52 	1.55%	Google Inc Cl A	 623.78 	 416.70 	5,336,256 
 -1.57%	49.92%	GS	 235.94 	 (3.01)	-1.26%	Goldman Sachs Group	 239.70 	 157.38 	9,662,400 
 0.73%	48.94%	HAL	 40.05 	 0.54 	1.37%	Halliburton Co	 39.76 	 26.89 	12,172,503 
 -19.90%	5.65%	HD	 33.65 	 (0.17)	-0.50%	Home Depot Inc	 42.01 	 31.85 	16,489,205 
 0.07%	19.74%	HET	 88.01 	 (0.11)	-0.13%	Harrah's Entertainment	 87.95 	 73.50 	1,725,100 
 -9.21%	16.20%	HIG	 96.45 	 (1.48)	-1.51%	Hartford Finl Svcs Gp	 106.23 	 83.00 	1,354,300 
 -5.87%	11.74%	HNZ	 45.87 	 (0.11)	-0.24%	Heinz (H.J.)	 48.73 	 41.05 	787,300 
 -1.92%	48.91%	HON	 60.71 	 (0.73)	-1.19%	Honeywell Intl	 61.90 	 40.77 	4,847,800 
 -0.46%	38.30%	HPQ	 52.25 	 (0.21)	-0.40%	Hewlett-Packard	 52.49 	 37.78 	8,998,800 
 -0.82%	41.57%	IBM	 118.62 	 -   	0.00%	Intl Business Machines Corp	 119.60 	 83.79 	5,891,300 
 -2.71%	37.92%	INTC	 25.86 	 -   	0.00%	Intel Corp	 26.58 	 18.75 	38,208,900 
 -12.97%	16.52%	IP	 36.18 	 (0.99)	-2.67%	Intl Paper	 41.57 	 31.05 	4,947,300 
 -5.16%	10.23%	JNJ	 65.83 	 (0.38)	-0.57%	Johnson & Johnson	 69.41 	 59.72 	8,488,888 
 -11.91%	11.27%	JPM	 46.91 	 (0.66)	-1.40%	JPMorgan Chase & Co	 53.25 	 42.16 	17,257,000 
 -8.49%	13.66%	KFT	 34.04 	 (0.09)	-0.28%	Kraft Foods'A'	 37.20 	 29.95 	5,800,768 
 -0.79%	32.37%	KO	 57.87 	 0.13 	0.22%	Coca-Cola Co	 58.33 	 43.72 	6,602,099 
 -25.17%	31.45%	LEH	 64.49 	 (0.33)	-0.52%	Lehman Brothers Holdings	 86.18 	 49.06 	7,395,016 
 -33.80%	4.10%	LTD	 21.58 	 -   	-0.01%	Limited Brands	 32.60 	 20.73 	6,532,900 
 -0.75%	42.58%	MCD	 57.03 	 (0.40)	-0.70%	McDonald's Corp	 57.46 	 40.00 	6,494,600 
 -1.97%	19.46%	MDT	 56.85 	 0.49 	0.86%	Medtronic, Inc	 57.99 	 47.59 	5,023,400 
 -24.06%	11.95%	MER	 74.94 	 0.31 	0.42%	Merrill Lynch	 98.68 	 66.94 	14,231,154 
 -0.19%	31.44%	MMM	 95.82 	 0.18 	0.19%	3M Co	 96.00 	 72.90 	2,925,736 
 -3.05%	19.84%	MO	 70.00 	 0.05 	0.08%	Altria Group	 72.20 	 58.41 	8,123,000 
 -3.46%	27.93%	MRK	 53.23 	 (0.27)	-0.50%	Merck & Co	 55.14 	 41.61 	5,663,900 
 -10.73%	22.77%	MS	 67.40 	 (1.47)	-2.12%	Morgan Stanley	 75.50 	 54.90 	7,490,100 
 -5.06%	13.18%	MSFT	 30.23 	 0.10 	0.33%	Microsoft Corp	 31.84 	 26.71 	33,307,585 
 -10.99%	17.80%	NSC	 53.20 	 -   	0.00%	Norfolk Southern	 59.77 	 45.16 	2,243,009 
 1.06%	43.52%	ORCL	 22.92 	 0.34 	1.48%	Oracle Corp	 22.68 	 15.97 	32,019,270 
 -1.01%	20.20%	PEP	 73.50 	 0.49 	0.67%	Pepsico Inc	 74.25 	 61.15 	5,312,594 
 -10.39%	10.42%	PFE	 25.54 	 0.05 	0.20%	Pfizer, Inc	 28.50 	 23.13 	29,245,589 
 0.07%	18.17%	PG	 71.40 	 0.28 	0.40%	Procter & Gamble	 71.35 	 60.42 	7,250,800 
 -22.71%	4.71%	RF	 30.26 	 (0.68)	-2.19%	Regions Financial Corporation	 39.15 	 28.90 	2,231,700 
 -3.19%	29.01%	ROK	 73.19 	 0.42 	0.58%	Rockwell Automation	 75.60 	 56.73 	898,400 
 -2.20%	32.17%	RTN	 63.97 	 (0.36)	-0.56%	Raytheon Co	 65.41 	 48.40 	1,434,600 
 -23.01%	7.64%	S	 18.03 	 (0.24)	-1.31%	Sprint Nextel Corporation	 23.42 	 16.75 	20,106,700 
 -0.45%	94.43%	SLB	 108.26 	 3.63 	3.47%	Schlumberger Ltd	 108.75 	 55.68 	11,724,200 
 -10.80%	9.76%	SLE	 16.19 	 (0.30)	-1.80%	Sara Lee Corp	 18.15 	 14.75 	6,495,300 
 -5.42%	10.95%	SO	 36.79 	 (0.31)	-0.84%	Southern Company Inc	 38.90 	 33.16 	2,696,900 
 -2.84%	31.50%	T	 41.75 	 (0.01)	-0.03%	AT&T Inc	 42.97 	 31.75 	15,704,827 
 -7.04%	17.99%	TGT	 65.77 	 0.02 	0.03%	Target Corp	 70.75 	 55.74 	7,586,060 
 -17.36%	7.15%	TWX	 19.04 	 (0.08)	-0.42%	Time Warner	 23.04 	 17.77 	17,865,400 
 -8.18%	28.86%	TXN	 36.39 	 (0.28)	-0.77%	Texas Instruments	 39.63 	 28.24 	9,656,000 
 -14.71%	16.14%	TYC	 46.20 	 0.60 	1.32%	Tyco Intl Ltd	 54.17 	 39.78 	1,945,100 
 -4.25%	11.17%	UPS	 76.33 	 (0.56)	-0.73%	United Parcel'B'	 79.72 	 68.66 	3,237,887 
 -10.42%	13.48%	USB	 33.01 	 (0.37)	-1.12%	U.S. Bancorp	 36.85 	 29.09 	6,875,200 
 -2.42%	30.26%	UTX	 80.50 	 (0.87)	-1.07%	United Technologies	 82.50 	 61.80 	3,434,300 
 -0.07%	34.21%	VZ	 45.63 	 0.08 	0.18%	Verizon Communications	 45.66 	 34.00 	9,436,464 
 -13.64%	13.27%	WB	 50.78 	 (0.55)	-1.07%	Wachovia Corp	 58.80 	 44.83 	9,735,600 
 -3.61%	12.12%	WFC	 36.62 	 (0.55)	-1.47%	Wells Fargo	 37.99 	 32.66 	13,061,731 
 -3.97%	47.94%	WMB	 34.81 	 (0.12)	-0.35%	Williams Companies	 36.25 	 23.53 	2,668,295 
 -12.58%	8.32%	WMT	 45.59 	 0.38 	0.84%	Wal-Mart Stores	 52.15 	 42.09 	15,811,050 
 -15.43%	23.43%	WY	 73.65 	 (1.65)	-2.20%	Weyerhaeuser Co	 87.09 	 59.67 	1,410,600 
 -0.91%	40.57%	XOM	 93.13 	 0.39 	0.42%	Exxon Mobil	 93.99 	 66.25 	18,288,262 
 -14.22%	13.43%	XRX	 17.31 	 (0.27)	-1.52%	Xerox Corp	 20.18 	 15.26 	5,024,000 
 			 ~~  S&P Indexes 						 
 -1.10%	19.81%	$IDX	 916.50 	 (0.68)	-0.07%	S&P 400 Midcap Index	 926.67 	 764.94 	0 
 0.04%	17.41%	$IGX	 730.78 	 0.32 	0.04%	S&P Growth Cash Index	 730.46 	 622.44 	0 
 -0.18%	16.29%	$INX	 1,562.47 	 (2.68)	-0.17%	S&P 500 Index	 1,565.27 	 1,343.57 	0 
 -1.17%	15.23%	$IVX	 828.72 	 (3.18)	-0.38%	S&P Value Cash Index	 838.49 	 719.17 	0 
 -0.26%	16.60%	$OEX	 728.03 	 (1.76)	-0.24%	S&P 100 Index	 729.93 	 624.39 	0 
 0.34%	15.83%	$SDX	 1,561.65 	 5.36 	0.34%	S&P 500 Index Special Open Ind	 1,556.29 	 1,348.25 	0 
 -3.27%	13.95%	$SGDY	 1,795.21 	 2.37 	0.13%	S&P Global 1200 Consumer Discr	 1,855.96 	 1,575.46 	0 
 -0.22%	39.35%	$SGEY	 2,966.96 	 21.91 	0.74%	S&p Global 1200 Energy Sector	 2,973.43 	 2,129.10 	0 
 -2.93%	15.26%	$SGFY	 1,912.37 	 (7.24)	-0.38%	S&P Global 1200 Financial Sect	 1,970.07 	 1,659.18 	0 
 -1.91%	9.90%	$SGHY	 1,649.55 	 (0.32)	-0.02%	S&P Global 1200 Health Care Se	 1,681.71 	 1,500.92 	0 
 0.41%	24.67%	$SGIY	 1,752.55 	 7.95 	0.46%	S&P Global 1200 Information Te	 1,745.34 	 1,405.75 	0 
 -0.18%	60.91%	$SGMY	 3,234.43 	 15.40 	0.48%	S&P Global 1200 Materials Inde	 3,240.18 	 2,010.11 	0 
 -0.15%	30.28%	$SGNY	 2,008.91 	 (2.93)	-0.15%	S&P Global 1200 Industrials In	 2,011.83 	 1,541.99 	0 
 0.05%	19.83%	$SGSY	 1,685.80 	 5.45 	0.32%	S&P Global 1200 Consumer Stapl	 1,685.01 	 1,406.80 	0 
 -1.21%	34.40%	$SGTY	 1,404.44 	 2.02 	0.14%	S&P Global 1200 Telecommunicat	 1,421.63 	 1,044.96 	0 
 -0.39%	26.73%	$SGUY	 1,897.28 	 (6.76)	-0.36%	S&P Global 1200 Utilities Inde	 1,904.74 	 1,497.07 	0 
 -1.06%	19.05%	$SLX	 915.33 	 3.26 	0.36%	S&P Midcap 400 Special Open In	 925.12 	 768.84 	0 
 -1.08%	17.11%	$SPCY	 440.99 	 (0.88)	-0.20%	S&P SmallCap 600 Index	 445.82 	 376.56 	0 
 -5.12%	11.63%	$SPEY	 1,592.05 	 0.42 	0.03%	S&P Europe 350 Cash Index	 1,678.01 	 1,426.15 	0 
 -9.17%	10.82%	$SPFY	 1,498.08 	 (4.36)	-0.29%	S&P Europe 350 Financial Cash	 1,649.28 	 1,351.78 	0 
 -2.18%	22.72%	$SPIY	 1,367.60 	 11.21 	0.83%	S&P Europe 350 Information Tec	 1,398.07 	 1,114.45 	0 
 0.10%	24.66%	$SPLY	 313.07 	 0.43 	0.14%	S&P 500 Technology Sector Inde	 312.75 	 251.14 	0 
 0.21%	47.98%	$SPNY	 590.26 	 6.32 	1.08%	S&P 500 Energy Sector Index	 589.01 	 398.89 	0 
 -6.62%	12.96%	$SPSY	 477.16 	 (4.78)	-0.99%	S&P 500 Financial Sector Index	 511.01 	 422.41 	0 
 -2.78%	24.17%	$SPTY	 1,536.24 	 2.14 	0.14%	S&P Europe 350 Telecom Service	 1,580.11 	 1,237.16 	0 
 -2.84%	15.49%	$SPUY	 1,825.63 	 (0.60)	-0.03%	S&P Europe Index	 1,879.02 	 1,580.77 	0 
 -2.48%	14.81%	$SPWY	 2,054.35 	 (4.10)	-0.20%	S&P 500 Equal Weighted Index	 2,106.50 	 1,789.41 	0 
 -0.66%	24.06%	$SZX	 830.07 	 2.24 	0.27%	S&P Value Special Open	 835.59 	 669.07 	0 
 			 ~S&P 500 Index (500) 						 
 -0.18%	16.29%	$INX	 1,562.47 	 (2.68)	-0.17%	S&P 500 Index	 1,565.27 	 1,343.57 	0 
 -6.31%	25.15%	A	 37.87 	 (0.19)	-0.49%	Agilent Technologies	 40.42 	 30.26 	1,183,464 
 -20.59%	46.76%	AA	 38.73 	 (1.03)	-2.58%	Alcoa Inc	 48.77 	 26.39 	27,865,184 
 -2.62%	129.52%	AAPL	 166.63 	 (1.29)	-0.77%	Apple Inc	 171.11 	 72.60 	23,751,127 
 -18.49%	8.85%	ABC	 46.10 	 0.93 	2.06%	AmeriSourceBergen Corp	 56.56 	 42.35 	1,586,200 
 -9.34%	28.82%	ABI	 35.80 	 (0.04)	-0.12%	Applera Corp-Applied Biosys Gr	 39.49 	 27.79 	1,875,400 
 -29.52%	27.55%	ABK	 67.73 	 (0.87)	-1.27%	Ambac Financial Group	 96.10 	 53.10 	1,335,300 
 -8.84%	19.45%	ABT	 54.24 	 (0.08)	-0.14%	Abbott Laboratories	 59.50 	 45.41 	6,831,500 
 -9.21%	29.60%	ACAS	 45.36 	 (0.26)	-0.57%	Amer Capital Strategies	 49.96 	 35.00 	1,611,273 
 -3.20%	17.94%	ACE	 62.26 	 (1.03)	-1.63%	ACE Limited	 64.32 	 52.79 	1,165,200 
 -15.31%	14.74%	ACS	 52.23 	 (0.14)	-0.27%	Affiliated Computer Svcs'A'	 61.67 	 45.52 	385,851 
 0.33%	23.81%	ADBE	 45.50 	 0.60 	1.33%	Adobe Systems	 45.35 	 36.75 	7,194,973 
 -11.19%	25.30%	ADI	 36.50 	 (0.20)	-0.54%	Analog Devices	 41.10 	 29.13 	2,882,200 
 -15.18%	12.35%	ADM	 33.93 	 0.26 	0.77%	Archer-Daniels-Midland	 40.00 	 30.20 	5,442,100 
 -4.17%	16.00%	ADP	 48.20 	 (0.22)	-0.46%	Automatic Data Proc	 50.30 	 41.55 	1,238,300 
 -0.94%	48.64%	ADSK	 50.70 	 -   	0.00%	Autodesk, Inc	 51.18 	 34.11 	1,407,460 
 -2.44%	14.42%	AEE	 53.89 	 (0.23)	-0.42%	Ameren Corp	 55.24 	 47.10 	529,900 
 -7.22%	21.34%	AEP	 47.54 	 (0.59)	-1.21%	Amer Electric Pwr	 51.24 	 39.18 	1,834,200 
 -11.96%	27.86%	AES	 21.34 	 0.11 	0.51%	AES Corp	 24.24 	 16.69 	3,759,000 
 -0.75%	42.80%	AET	 54.58 	 (0.30)	-0.54%	Aetna Inc	 54.99 	 38.22 	2,120,120 
 -0.80%	36.89%	AFL	 58.18 	 (0.30)	-0.51%	AFLAC Inc	 58.65 	 42.50 	1,201,600 
 -0.41%	28.11%	AGN	 67.77 	 (0.11)	-0.16%	Allergan, Inc	 68.05 	 52.90 	1,208,500 
 -6.08%	14.22%	AIG	 68.53 	 (1.50)	-2.14%	Amer Intl Group	 72.97 	 60.00 	14,285,590 
 -26.57%	24.99%	AIV	 48.31 	 (0.05)	-0.10%	Apartment Investment & Mgmt'A'	 65.79 	 38.65 	706,700 
 -11.12%	21.98%	AIZ	 55.22 	 (0.60)	-1.07%	Assurant Inc	 62.13 	 45.27 	721,500 
 -37.86%	33.66%	AKAM	 37.09 	 1.43 	4.01%	Akamai Technologies	 59.69 	 27.75 	12,631,788 
 -11.52%	16.46%	ALL	 58.52 	 (0.24)	-0.41%	Allstate Corp	 66.14 	 50.25 	2,153,000 
 -7.74%	38.26%	ALTR	 24.21 	 (0.22)	-0.90%	Altera Corp	 26.24 	 17.51 	6,529,670 
 -12.17%	19.95%	AMAT	 20.20 	 (0.47)	-2.27%	Applied Materials	 23.00 	 16.84 	30,226,295 
 -45.43%	24.40%	AMD	 14.02 	 0.25 	1.81%	Advanced Micro Devices Inc	 25.69 	 11.27 	31,961,592 
 -25.26%	19.15%	AMGN	 57.55 	 0.54 	0.95%	Amgen Inc	 77.00 	 48.30 	9,021,633 
 -2.74%	38.54%	AMP	 66.14 	 (0.54)	-0.80%	Ameriprise Financial Inc	 68.00 	 47.74 	928,100 
 -2.07%	198.36%	AMZN	 94.73 	 (0.78)	-0.82%	Amazon.com Inc	 96.73 	 31.75 	5,559,192 
 -21.56%	6.81%	AN	 18.19 	 (0.05)	-0.26%	AutoNation Inc	 23.19 	 17.03 	1,823,200 
 -1.47%	28.53%	ANF	 84.51 	 0.99 	1.19%	Abercrombie & Fitch Co'A'	 85.77 	 65.75 	1,612,500 
 -1.17%	40.39%	AOC	 46.40 	 (0.56)	-1.19%	Aon Corp	 46.95 	 33.05 	1,307,088 
 0.68%	47.36%	APA	 92.85 	 0.06 	0.06%	Apache Corp	 92.22 	 63.01 	2,227,900 
 -1.11%	43.75%	APC	 55.20 	 (0.21)	-0.39%	Anadarko Petroleum	 55.82 	 38.40 	3,551,400 
 -1.47%	45.20%	APD	 97.50 	 (0.47)	-0.48%	Air Products & Chem	 98.95 	 67.15 	1,187,500 
 -3.18%	90.28%	APOL	 63.42 	 0.17 	0.27%	Apollo Group'A'	 65.50 	 33.33 	1,997,799 
 -20.77%	21.17%	ASD	 35.55 	 (0.83)	-2.29%	American Standard Companies	 44.87 	 29.34 	1,344,700 
 -6.64%	32.03%	ASH	 66.32 	 -   	0.00%	Ashland Inc	 71.04 	 50.23 	1,122,500 
 -0.16%	33.41%	AT	 70.48 	 (0.01)	-0.02%	Alltel Corp	 70.59 	 52.83 	2,023,700 
 -7.17%	59.43%	ATI	 111.12 	 (3.63)	-3.14%	Allegheny Technologies	 119.70 	 69.70 	3,878,500 
 -0.70%	49.39%	AV	 17.12 	 (0.02)	-0.13%	Avaya Inc	 17.24 	 11.46 	3,163,300 
 -17.17%	20.02%	AVB	 124.20 	 (0.04)	-0.03%	Avalonbay Communities	 149.94 	 103.48 	555,600 
 -10.39%	29.35%	AVP	 37.50 	 0.05 	0.13%	Avon Products	 41.85 	 28.99 	937,159 
 -21.51%	2.73%	AVY	 56.00 	 (1.58)	-2.74%	Avery Dennison Corp	 71.35 	 54.51 	1,694,700 
 -8.72%	14.71%	AW	 12.87 	 (0.11)	-0.86%	Allied Waste Ind	 14.10 	 11.22 	2,204,800 
 -6.07%	14.80%	AXP	 61.89 	 (0.83)	-1.33%	American Express Company	 65.89 	 53.91 	6,591,881 
 -2.79%	37.77%	AYE	 55.70 	 (0.26)	-0.47%	Allegheny Energy	 57.30 	 40.43 	996,900 
 -12.10%	15.14%	AZO	 123.31 	 (0.22)	-0.18%	AutoZone Inc	 140.29 	 107.10 	714,300 
 -8.49%	26.89%	BA	 98.68 	 (2.77)	-2.73%	Boeing Co	 107.83 	 77.77 	25,294,300 
 -5.05%	12.42%	BAC	 52.30 	 (0.27)	-0.51%	Bank of America Corporation	 55.08 	 46.52 	14,469,087 
 -5.69%	28.26%	BAX	 55.64 	 0.11 	0.20%	Baxter Intl	 59.00 	 43.38 	1,505,169 
 -19.18%	9.13%	BBBY	 35.01 	 (0.34)	-0.95%	Bed Bath & Beyond	 43.32 	 32.08 	1,902,110 
 -7.58%	11.91%	BBT	 41.35 	 (0.76)	-1.81%	BB&T Corp	 44.74 	 36.95 	1,874,400 
 -15.47%	18.14%	BBY	 49.44 	 (0.34)	-0.68%	Best Buy	 58.49 	 41.85 	4,860,600 
 -31.84%	11.71%	BC	 23.85 	 0.10 	0.42%	Brunswick Corp	 34.99 	 21.35 	615,100 
 -1.36%	17.44%	BCR	 88.16 	 0.16 	0.18%	Bard (C.R.)	 89.38 	 75.07 	327,100 
 -15.39%	6.81%	BDK	 82.08 	 (0.65)	-0.78%	Black & Decker Corp	 97.01 	 76.85 	668,500 
 -1.44%	21.65%	BDX	 83.68 	 (0.08)	-0.10%	Becton, Dickinson	 84.90 	 68.79 	429,200 
 -6.70%	31.33%	BEN	 135.83 	 (1.61)	-1.17%	Franklin Resources	 145.59 	 103.43 	1,393,800 
 -6.21%	18.60%	BF.B	 74.92 	 (0.49)	-0.65%	Brown-Forman'B'	 79.88 	 63.17 	179,500 
 3.15%	55.32%	BHI	 96.70 	 4.49 	4.87%	Baker Hughes Inc	 93.75 	 62.26 	7,070,400 
 -18.51%	48.71%	BIG	 29.46 	 (0.04)	-0.13%	Big Lots Inc	 36.15 	 19.81 	1,497,600 
 -2.30%	57.28%	BIIB	 67.41 	 0.17 	0.25%	Biogen Idec	 69.00 	 42.86 	2,341,036 
 -18.01%	19.21%	BJS	 27.99 	 0.69 	2.54%	BJ Services	 34.14 	 23.48 	4,803,200 
 -4.24%	35.12%	BK	 44.94 	 (0.08)	-0.19%	Bank Of New York	 46.93 	 33.26 	3,525,600 
 -4.78%	32.86%	BLL	 53.37 	 (2.15)	-3.85%	Ball Corp	 56.05 	 40.17 	1,604,702 
 -11.73%	31.57%	BMC	 32.59 	 0.08 	0.25%	BMC Software	 36.92 	 24.77 	787,800 
 -22.20%	3.35%	BMS	 28.42 	 (0.39)	-1.33%	Bemis Co	 36.53 	 27.50 	961,100 
 -8.41%	23.82%	BMY	 29.63 	 (0.22)	-0.74%	Bristol-Myers SQUIBB	 32.35 	 23.93 	6,412,700 
 -10.38%	19.65%	BNI	 85.56 	 (1.06)	-1.23%	Burlington Northn Santa Fe	 95.47 	 71.51 	1,731,800 
 -15.94%	36.68%	BOL	 64.73 	 0.08 	0.13%	Bausch & Lomb	 77.00 	 47.36 	757,000 
 1.28%	50.78%	BRCM	 40.41 	 0.12 	0.29%	Broadcom Corp'A'	 39.90 	 26.80 	10,466,934 
 -3.03%	22.84%	BRL	 55.78 	 (0.14)	-0.26%	Barr Pharmaceuticals	 57.52 	 45.41 	385,000 
 -27.11%	26.13%	BSC	 125.81 	 (1.74)	-1.37%	Bear Stearns Cos	 172.61 	 99.75 	3,293,900 
 -21.67%	20.89%	BSX	 14.64 	 0.18 	1.23%	Boston Scientific Corporation	 18.69 	 12.11 	7,026,800 
 -7.14%	43.04%	BTU	 51.78 	 0.45 	0.89%	Peabody Energy	 55.76 	 36.20 	3,860,578 
 -5.31%	13.49%	BUD	 52.26 	 0.58 	1.12%	Anheuser-Busch Cos	 55.19 	 46.05 	4,129,200 
 -16.39%	21.88%	BXP	 111.22 	 (0.60)	-0.54%	Boston Properties	 133.02 	 91.25 	725,400 
 -17.30%	5.55%	C	 47.14 	 (0.52)	-1.09%	Citigroup Inc	 57.00 	 44.66 	29,089,053 
 -6.15%	25.46%	CA	 26.71 	 0.26 	0.98%	CA Inc	 28.46 	 21.29 	2,388,800 
 -12.42%	3.50%	CAG	 24.83 	 (0.34)	-1.36%	Conagra Foods	 28.35 	 23.99 	6,746,400 
 -13.07%	8.26%	CAH	 66.20 	 0.55 	0.84%	Cardinal Health	 76.15 	 61.15 	1,712,400 
 -6.71%	39.98%	CAT	 81.16 	 (1.28)	-1.55%	Caterpillar Inc	 87.00 	 57.98 	4,990,900 
 -2.02%	20.18%	CB	 54.86 	 (0.37)	-0.66%	Chubb Corp	 55.99 	 45.65 	3,289,000 
 -4.66%	28.86%	CBE	 56.30 	 -   	0.00%	Cooper Indus'A'	 59.05 	 43.69 	1,733,700 
 -36.94%	13.76%	CBG	 26.95 	 (0.41)	-1.51%	CB Richard Ellis Group	 42.74 	 23.69 	3,628,944 
 -1.78%	32.25%	CBH	 40.27 	 (0.13)	-0.32%	Commerce Bancorp	 41.00 	 30.45 	6,137,316 
 -14.60%	11.71%	CBS	 30.53 	 (0.18)	-0.59%	CBS Corporation	 35.75 	 27.33 	6,148,400 
 -67.55%	23.51%	CC	 9.51 	 0.33 	3.63%	Circuit City Stores	 29.31 	 7.70 	8,592,724 
 -1.33%	24.94%	CCE	 24.40 	 -   	0.00%	Coca-Cola Enterprises	 24.73 	 19.53 	1,817,000 
 -3.21%	22.40%	CCL	 51.04 	 (0.17)	-0.34%	Carnival Corp	 52.73 	 41.70 	3,156,035 
 -2.67%	24.34%	CCU	 37.55 	 0.27 	0.72%	Clear Channel Communications	 38.58 	 30.20 	6,764,400 
 -8.78%	51.83%	CEG	 89.58 	 (0.52)	-0.58%	Constellation Energy Group	 98.20 	 59.00 	744,300 
 1.84%	73.71%	CELG	 75.18 	 1.10 	1.49%	Celgene Corp	 73.82 	 43.28 	3,402,230 
 -58.46%	25.33%	CFC	 18.80 	 (0.46)	-2.39%	Countrywide Financial Corp	 45.26 	 15.00 	18,535,370 
 -1.64%	36.16%	CHK	 37.13 	 0.12 	0.32%	Chesapeake Energy	 37.75 	 27.27 	4,957,924 
 -10.47%	32.10%	CHRW	 52.10 	 (1.29)	-2.41%	C.H. Robinson Worldwide Inc	 58.19 	 39.44 	1,195,138 
 -7.00%	39.60%	CI	 53.58 	 0.16 	0.29%	Cigna Corp	 57.61 	 38.38 	1,191,200 
 1.48%	117.56%	CIEN	 47.95 	 1.69 	3.65%	Ciena Corp	 47.25 	 22.04 	4,618,922 
 -9.39%	23.81%	CINF	 44.57 	 -   	0.00%	Cincinnati Financial	 49.19 	 36.00 	480,670 
 -36.17%	30.82%	CIT	 39.31 	 (0.53)	-1.32%	CIT Group	 61.59 	 30.05 	1,019,700 
 -0.32%	22.61%	CL	 72.77 	 (0.15)	-0.21%	Colgate-Palmolive	 73.00 	 59.35 	3,862,300 
 -9.60%	11.53%	CLX	 62.70 	 0.09 	0.14%	Clorox Co	 69.36 	 56.22 	1,135,800 
 -15.82%	7.00%	CMA	 53.78 	 (0.51)	-0.94%	Comerica Inc	 63.89 	 50.26 	960,500 
 -21.57%	2.56%	CMCSA	 23.67 	 (0.20)	-0.84%	Comcast Cl'A'	 30.18 	 23.08 	21,160,675 
 -0.87%	29.02%	CME	 626.00 	 (4.80)	-0.76%	CME Group Inc	 631.50 	 485.20 	367,000 
 -1.26%	146.88%	CMI	 139.04 	 (0.91)	-0.65%	Cummins Inc	 140.82 	 56.32 	1,214,800 
 -14.78%	13.18%	CMS	 16.66 	 -   	0.00%	CMS Energy	 19.55 	 14.72 	1,111,589 
 -16.14%	17.23%	CNP	 16.94 	 -   	0.00%	Centerpoint Energy	 20.20 	 14.45 	1,385,600 
 -1.02%	70.50%	CNX	 49.70 	 1.15 	2.39%	Consol Energy	 50.21 	 29.15 	3,976,699 
 -15.52%	19.06%	COF	 70.83 	 (1.15)	-1.60%	Capital One Financial	 83.84 	 59.49 	2,256,320 
 -16.09%	28.94%	COH	 45.31 	 0.35 	0.77%	Coach Inc	 54.00 	 35.14 	3,225,500 
 -2.58%	30.35%	COL	 74.04 	 (1.85)	-2.44%	Rockwell Collins	 76.00 	 56.80 	1,160,300 
 -4.52%	51.36%	COP	 86.73 	 0.89 	1.04%	ConocoPhillips	 90.84 	 57.30 	9,480,200 
 5.41%	40.23%	COST	 69.12 	 5.82 	9.19%	Costco Wholesale	 65.57 	 49.29 	27,370,367 
 -7.78%	12.47%	COV	 41.50 	 0.29 	0.69%	Covidien Ltd	 45.00 	 36.90 	4,082,200 
 -15.87%	3.40%	CPB	 35.88 	 (0.27)	-0.74%	Campbell Soup	 42.65 	 34.70 	2,016,400 
 -33.36%	14.66%	CPWR	 8.37 	 (0.26)	-3.08%	CompuWare Corp	 12.56 	 7.30 	3,562,692 
 -9.72%	22.60%	CSC	 57.56 	 1.27 	2.26%	Computer Sciences	 63.76 	 46.95 	1,245,500 
 -0.42%	42.84%	CSCO	 33.24 	 0.19 	0.57%	Cisco Systems	 33.38 	 23.27 	36,739,497 
 -17.29%	28.09%	CSX	 42.91 	 (0.57)	-1.31%	CSX Corp	 51.88 	 33.50 	3,523,900 
 -15.56%	6.66%	CTAS	 37.01 	 (0.08)	-0.20%	Cintas Corp	 43.83 	 34.70 	1,884,703 
 -9.55%	13.78%	CTL	 45.17 	 (0.15)	-0.34%	CenturyTel Inc	 49.94 	 39.70 	643,100 
 -11.05%	25.72%	CTSH	 84.99 	 (0.17)	-0.20%	Cognizant Tech Solutions'A'	 95.55 	 67.60 	1,702,121 
 -48.96%	19.47%	CTX	 29.33 	 0.33 	1.16%	Centex Corp	 57.47 	 24.55 	2,118,100 
 -0.79%	58.70%	CTXS	 41.42 	 0.23 	0.56%	Citrix Systems	 41.75 	 26.10 	2,353,895 
 -34.96%	20.86%	CVG	 17.73 	 0.10 	0.58%	Convergys Corp	 27.26 	 14.67 	1,205,800 
 -2.15%	38.44%	CVH	 61.37 	 0.84 	1.40%	Coventry Health Care Inc	 62.72 	 44.33 	1,222,800 
 -2.85%	43.41%	CVS	 38.85 	 -   	0.00%	CVS Caremark Corporation	 39.99 	 27.09 	5,427,700 
 -3.58%	46.16%	CVX	 92.08 	 (0.72)	-0.78%	Chevron Corporation	 95.50 	 63.00 	11,507,826 
 -13.27%	11.36%	CZN	 13.92 	 (0.13)	-0.91%	Citizens Communications	 16.05 	 12.50 	2,027,300 
 -6.65%	13.45%	D	 87.40 	 (1.02)	-1.16%	Dominion Resources Inc 	 93.63 	 77.04 	1,255,400 
 -9.07%	10.23%	DD	 49.01 	 (0.45)	-0.91%	Dupont(E.I.)Denemours	 53.90 	 44.46 	2,545,360 
 -18.83%	26.86%	DDR	 58.71 	 (0.17)	-0.30%	Developers Diversified Rlty	 72.33 	 46.28 	803,000 
 -41.15%	22.41%	DDS	 23.87 	 1.22 	5.39%	Dillard's Inc'A'	 40.56 	 19.50 	2,025,500 
 1.93%	86.36%	DE	 154.70 	 3.19 	2.11%	Deere & Co	 151.77 	 83.01 	2,427,700 
 -5.20%	29.89%	DELL(E)	 28.07 	 0.17 	0.61%	Dell Inc	 29.61 	 21.61 	9,061,605 
 -28.23%	11.57%	DF	 26.90 	 (0.04)	-0.16%	Dean Foods	 37.48 	 24.11 	1,755,614 
 -22.30%	11.85%	DFS	 22.65 	 (0.37)	-1.61%	Discover Financial Services	 29.15 	 20.25 	4,027,000 
 -2.17%	19.55%	DGX	 57.36 	 (0.01)	-0.02%	Quest Diagnostics	 58.63 	 47.98 	563,300 
 -53.84%	15.33%	DHI	 14.37 	 0.06 	0.42%	D.R. Horton	 31.13 	 12.46 	4,464,800 
 -2.24%	21.57%	DHR	 82.46 	 (0.75)	-0.91%	Danaher Corp	 84.35 	 67.83 	1,066,500 
 -4.10%	14.62%	DIS	 35.28 	 (0.19)	-0.53%	Disney (Walt) Co	 36.79 	 30.78 	4,690,400 
 -3.47%	79.20%	DJ	 59.62 	 0.01 	0.02%	Dow Jones & Co	 61.76 	 33.27 	333,500 
 -8.43%	8.51%	DOV	 49.99 	 (1.00)	-1.95%	Dover Corp	 54.59 	 46.07 	864,200 
 -6.59%	15.37%	DOW	 44.80 	 (0.22)	-0.50%	Dow Chemical	 47.96 	 38.83 	3,815,653 
 -6.51%	16.77%	DRI	 44.50 	 (0.20)	-0.45%	Darden Restaurants	 47.60 	 38.11 	1,063,800 
 -8.71%	18.86%	DTE	 49.97 	 (0.09)	-0.18%	DTE Energy	 54.74 	 42.04 	1,305,300 
 0.00%	31.40%	DTV	 26.28 	 (0.01)	-0.03%	DirecTV Group	 26.28 	 20.00 	4,356,232 
 -10.05%	13.31%	DUK	 19.16 	 (0.16)	-0.83%	Duke Energy Corporation	 21.30 	 16.91 	3,964,700 
 0.30%	39.28%	DVN	 87.05 	 0.38 	0.44%	Devon Energy	 86.79 	 62.50 	2,236,200 
 -15.07%	65.48%	DYN	 9.30 	 (0.18)	-1.89%	Dynegy Inc	 10.95 	 5.62 	7,112,800 
 -1.33%	39.15%	EBAY	 39.38 	 0.19 	0.49%	Ebay Inc	 39.91 	 28.30 	5,877,881 
 -2.77%	27.07%	ECL	 47.03 	 0.10 	0.21%	Ecolab Inc	 48.37 	 37.01 	973,750 
 -10.83%	9.44%	ED	 47.17 	 (0.48)	-1.00%	Consolidated Edison	 52.90 	 43.10 	1,171,900 
 -22.54%	8.72%	EDS	 23.20 	 0.43 	1.91%	Electronic Data Systems	 29.95 	 21.34 	5,226,200 
 -20.39%	3.57%	EFX	 36.86 	 (2.65)	-6.73%	Equifax Inc	 46.30 	 35.59 	2,413,200 
 -5.81%	35.98%	EIX	 56.76 	 (0.57)	-1.00%	Edison Intl	 60.26 	 41.74 	1,224,700 
 -9.40%	23.97%	EK	 27.36 	 (0.33)	-1.19%	Eastman Kodak	 30.20 	 22.07 	2,290,000 
 -17.68%	12.11%	EL	 43.06 	 (0.29)	-0.66%	Lauder (Estee) Co	 52.31 	 38.41 	1,457,700 
 3.01%	89.19%	EMC	 22.57 	 0.76 	3.48%	EMC Corp	 21.91 	 11.93 	74,754,525 
 -7.18%	20.65%	EMN	 67.24 	 (1.23)	-1.80%	Eastman Chemical	 72.44 	 55.73 	364,300 
 -0.60%	33.07%	EMR	 54.57 	 (0.17)	-0.31%	Emerson Electric Co	 54.90 	 41.01 	2,118,000 
 -2.38%	34.35%	EOG	 79.55 	 0.97 	1.24%	EOG Resources	 81.49 	 59.21 	2,149,400 
 -7.33%	30.40%	EP	 17.20 	 0.04 	0.25%	El Paso Corp	 18.56 	 13.19 	6,727,569 
 -13.16%	20.30%	EQ	 56.88 	 (0.24)	-0.43%	Embarq Corporation	 65.50 	 47.28 	974,700 
 -22.95%	24.97%	EQR	 43.74 	 (0.35)	-0.78%	Equity Residential	 56.77 	 35.00 	1,363,200 
 -0.56%	29.48%	ERTS	 59.91 	 (0.17)	-0.28%	Electronic Arts	 60.25 	 46.27 	2,459,559 
 -0.86%	100.07%	ESRX	 58.82 	 0.45 	0.76%	Express Scripts	 59.33 	 29.40 	2,199,999 
 -16.15%	35.82%	ESV	 56.69 	 1.11 	2.02%	Ensco Intl	 67.61 	 41.74 	2,636,199 
 -46.70%	40.12%	ETFC	 13.90 	 (0.18)	-1.26%	E*Trade Financial Corporation	 26.08 	 9.92 	11,684,226 
 -4.92%	40.89%	ETN	 99.00 	 (0.78)	-0.78%	Eaton Corp	 104.12 	 70.27 	882,992 
 -4.53%	42.52%	ETR	 115.01 	 (0.88)	-0.76%	Entergy Corp	 120.47 	 80.70 	748,700 
 -6.39%	33.70%	EXC	 77.32 	 (0.87)	-1.11%	Exelon Corp	 82.60 	 57.83 	2,286,200 
 -2.13%	117.99%	EXPE(F)	 34.53 	 (0.04)	-0.13%	Expedia Inc	 35.28 	 15.84 	2,961,896 
 -15.15%	20.15%	F	 8.23 	 (0.09)	-1.08%	Ford Motor	 9.70 	 6.85 	35,514,775 
 3.02%	140.33%	FCX	 117.40 	 4.35 	3.85%	Freeport-McMoRan Copper&Gold B	 113.96 	 48.85 	13,931,000 
 -21.03%	15.44%	FDO	 27.97 	 0.37 	1.36%	Family Dollar Stores	 35.42 	 24.23 	2,802,600 
 -11.64%	8.05%	FDX	 107.29 	 0.14 	0.13%	FedEx Corp	 121.42 	 99.30 	1,569,600 
 -8.31%	16.63%	FE	 66.84 	 (0.12)	-0.19%	FirstEnergy Corp	 72.90 	 57.31 	977,800 
 -40.51%	18.87%	FHN	 27.03 	 (0.12)	-0.44%	First Horizon National Corp	 45.44 	 22.74 	1,241,900 
 -0.53%	36.13%	FII	 41.26 	 (0.19)	-0.46%	Federated Investors 'B'	 41.48 	 30.31 	652,500 
 -18.60%	24.04%	FIS	 47.05 	 (0.56)	-1.18%	Fidelity National Information	 57.80 	 37.93 	3,459,200 
 -8.52%	23.98%	FISV	 54.75 	 (0.26)	-0.48%	Fiserv Inc	 59.85 	 44.16 	968,978 
 -21.28%	1.49%	FITB	 34.10 	 (0.90)	-2.57%	Fifth Third Bancorp	 43.32 	 33.60 	3,273,222 
 1.49%	110.49%	FLR	 158.33 	 2.08 	1.33%	Fluor Corp	 156.00 	 75.22 	1,290,700 
 -5.91%	28.19%	FNM	 66.40 	 (0.95)	-1.42%	Federal Natl Mtge	 70.57 	 51.80 	4,238,500 
 -7.84%	12.81%	FO	 83.68 	 (0.21)	-0.25%	Fortune Brands	 90.80 	 74.18 	574,200 
 -5.22%	37.01%	FPL	 63.05 	 (0.27)	-0.43%	FPL Group	 66.52 	 46.02 	1,538,893 
 -13.72%	12.88%	FRE	 62.05 	 (0.54)	-0.86%	Federal Home Loan	 71.92 	 54.97 	2,654,600 
 -33.83%	9.57%	FRX	 38.36 	 (0.18)	-0.47%	Forest Labs	 57.97 	 35.01 	2,092,400 
 -17.29%	17.41%	GAS	 44.38 	 (0.22)	-0.49%	Nicor Inc	 53.66 	 37.80 	390,700 
 -28.85%	3.55%	GCI	 45.18 	 0.23 	0.52%	Gannett Co	 63.50 	 43.63 	1,788,613 
 -1.79%	24.09%	GD	 85.98 	 (1.57)	-1.80%	General Dynamics Corp	 87.55 	 69.29 	1,324,415 
 -0.81%	23.33%	GE	 41.81 	 (0.21)	-0.50%	General Electric	 42.15 	 33.90 	19,112,300 
 -0.55%	19.42%	GENZ	 70.11 	 0.40 	0.58%	Genzyme Corporation	 70.50 	 58.71 	3,784,876 
 -14.71%	35.64%	GGP	 57.51 	 0.24 	0.42%	General Growth Properties	 67.43 	 42.40 	1,826,700 
 1.65%	38.89%	GILD	 43.00 	 0.89 	2.11%	Gilead Sciences	 42.30 	 30.96 	6,802,489 
 -5.17%	7.70%	GIS	 58.34 	 (0.11)	-0.19%	Genl Mills	 61.52 	 54.17 	1,801,300 
 -3.52%	45.09%	GLW	 26.29 	 -   	0.00%	Corning Inc	 27.25 	 18.12 	9,527,702 
 -1.37%	33.84%	GM	 38.13 	 (0.36)	-0.93%	General Motors	 38.66 	 28.49 	9,074,771 
 -18.95%	13.66%	GNW	 30.12 	 (1.38)	-4.34%	Genworth Financial Inc	 37.16 	 26.50 	4,769,400 
 0.16%	49.93%	GOOG	 624.75 	 9.52 	1.55%	Google Inc Cl A	 623.78 	 416.70 	5,336,256 
 -3.95%	12.56%	GPC	 49.64 	 (0.18)	-0.37%	Genuine Parts	 51.68 	 44.10 	411,000 
 -9.63%	27.17%	GPS	 19.33 	 0.30 	1.58%	Gap Inc	 21.39 	 15.20 	9,863,300 
 -2.18%	66.10%	GR	 68.70 	 (0.73)	-1.05%	Goodrich Corp	 70.23 	 41.36 	1,397,400 
 -1.57%	49.92%	GS	 235.94 	 (3.01)	-1.26%	Goldman Sachs Group	 239.70 	 157.38 	9,662,400 
 -17.29%	116.45%	GT	 30.52 	 (0.02)	-0.06%	Goodyear Tire & Rub	 36.90 	 14.10 	1,550,400 
 -4.61%	38.17%	GWW	 94.05 	 (0.75)	-0.79%	Grainger (W.W.)	 98.60 	 68.07 	301,900 
 0.73%	48.94%	HAL	 40.05 	 0.54 	1.37%	Halliburton Co	 39.76 	 26.89 	12,172,503 
 -30.47%	15.20%	HAR	 87.00 	 (0.29)	-0.33%	Harman Intl	 125.13 	 75.52 	208,700 
 -10.63%	31.10%	HAS	 29.93 	 0.62 	2.12%	Hasbro Inc	 33.49 	 22.83 	2,595,700 
 -27.87%	12.21%	HBAN	 18.01 	 (0.28)	-1.53%	Huntington Bancshares	 24.97 	 16.05 	2,405,162 
 -1.18%	38.52%	HCBK	 15.86 	 (0.18)	-1.13%	Hudson City Bancorp	 16.05 	 11.45 	4,568,017 
 -4.63%	42.54%	HCR	 65.67 	 0.07 	0.11%	Manor Care	 68.86 	 46.07 	966,500 
 -19.90%	5.65%	HD	 33.65 	 (0.17)	-0.50%	Home Depot Inc	 42.01 	 31.85 	16,489,205 
 -5.93%	68.41%	HES	 65.73 	 (0.30)	-0.45%	Hess Corporation	 69.87 	 39.03 	4,213,459 
 0.07%	19.74%	HET	 88.01 	 (0.11)	-0.13%	Harrah's Entertainment	 87.95 	 73.50 	1,725,100 
 -9.21%	16.20%	HIG	 96.45 	 (1.48)	-1.51%	Hartford Finl Svcs Gp	 106.23 	 83.00 	1,354,300 
 -0.23%	70.29%	HLT	 47.05 	 (0.05)	-0.11%	Hilton Hotels	 47.16 	 27.63 	2,935,300 
 -5.87%	11.74%	HNZ	 45.87 	 (0.11)	-0.24%	Heinz (H.J.)	 48.73 	 41.05 	787,300 
 -33.74%	10.07%	HOG	 50.27 	 (0.83)	-1.62%	Harley-Davidson	 75.87 	 45.67 	2,052,200 
 -1.92%	48.91%	HON	 60.71 	 (0.73)	-1.19%	Honeywell Intl	 61.90 	 40.77 	4,847,800 
 -20.32%	14.23%	HOT	 60.12 	 -   	-0.01%	Starwood Hotels&ResWorldwide	 75.45 	 52.63 	1,097,400 
 -6.23%	32.58%	HPC	 21.08 	 (0.09)	-0.43%	Hercules, Inc	 22.48 	 15.90 	851,300 
 -0.46%	38.30%	HPQ	 52.25 	 (0.21)	-0.40%	Hewlett-Packard	 52.49 	 37.78 	8,998,800 
 -9.98%	25.06%	HRB	 22.46 	 0.08 	0.34%	Block (H&R)	 24.95 	 17.96 	1,721,100 
 -3.14%	33.71%	HSP	 41.65 	 (0.07)	-0.16%	Hospira Inc	 43.00 	 31.15 	407,800 
 -19.25%	23.22%	HST	 23.40 	 0.31 	1.36%	Host Hotels & Resorts Inc	 28.98 	 18.99 	5,548,200 
 -19.98%	3.18%	HSY	 45.41 	 (0.64)	-1.39%	The Hershey Company	 56.75 	 44.01 	2,575,400 
 -0.92%	41.37%	HUM	 72.10 	 0.69 	0.96%	Humana Inc	 72.77 	 51.00 	872,300 
 -27.57%	18.38%	IACI	 29.69 	 (0.14)	-0.47%	IAC/InterActiveCorp New	 40.99 	 25.08 	1,587,364 
 -0.82%	41.57%	IBM	 118.62 	 -   	0.00%	Intl Business Machines Corp	 119.60 	 83.79 	5,891,300 
 -6.57%	111.96%	ICE	 162.70 	 (0.89)	-0.54%	IntercontinentalExchange Inc	 174.15 	 76.76 	1,144,800 
 -2.85%	33.51%	IFF	 53.19 	 (0.92)	-1.70%	Intl Flavors/Fragr	 54.75 	 39.84 	1,132,800 
 -9.92%	30.92%	IGT	 43.95 	 0.12 	0.28%	Intl Game Technology	 48.79 	 33.57 	1,618,800 
 -2.71%	37.92%	INTC	 25.86 	 -   	0.00%	Intel Corp	 26.58 	 18.75 	38,208,900 
 -9.73%	24.25%	INTU	 32.48 	 0.29 	0.90%	Intuit Inc	 35.98 	 26.14 	2,181,983 
 -12.97%	16.52%	IP	 36.18 	 (0.99)	-2.67%	Intl Paper	 41.57 	 31.05 	4,947,300 
 -26.18%	6.52%	IPG	 10.29 	 (0.05)	-0.48%	Interpublic Grp Cos	 13.94 	 9.66 	5,687,700 
 -4.18%	51.44%	IR	 54.29 	 (0.51)	-0.93%	Ingersoll-Rand'A'	 56.66 	 35.85 	1,562,800 
 -8.35%	28.90%	ITT	 67.31 	 (0.64)	-0.94%	ITT Corporation	 73.44 	 52.22 	495,100 
 -1.30%	29.87%	ITW	 59.22 	 (0.29)	-0.49%	Illinois Tool Works	 60.00 	 45.60 	1,455,000 
 -11.50%	33.33%	JAVA	 6.00 	 0.03 	0.50%	Sun Microsystems Inc	 6.78 	 4.50 	33,018,701 
 -30.34%	9.12%	JBL	 21.77 	 (0.32)	-1.44%	Jabil Circuit	 31.25 	 19.95 	3,088,500 
 -6.69%	50.52%	JCI	 40.19 	 0.19 	0.48%	Johnson Controls	 43.07 	 26.70 	3,217,000 
 -22.00%	10.50%	JCP	 68.00 	 0.91 	1.36%	Penney (J.C.)	 87.18 	 61.54 	3,322,800 
 -19.94%	26.83%	JDSU	 15.74 	 (0.03)	-0.19%	JDS Uniphase Corp	 19.66 	 12.41 	4,230,316 
 -5.16%	10.23%	JNJ	 65.83 	 (0.38)	-0.57%	Johnson & Johnson	 69.41 	 59.72 	8,488,888 
 -0.97%	126.80%	JNPR	 37.58 	 (0.25)	-0.65%	Juniper Networks	 37.95 	 16.57 	6,799,147 
 -3.06%	79.28%	JNS	 34.17 	 (0.90)	-2.58%	Janus Capital Group	 35.25 	 19.06 	3,908,300 
 -40.41%	26.60%	JNY	 21.18 	 (0.05)	-0.22%	Jones Apparel Group	 35.54 	 16.73 	1,565,800 
 -11.91%	11.27%	JPM	 46.91 	 (0.66)	-1.40%	JPMorgan Chase & Co	 53.25 	 42.16 	17,257,000 
 -18.58%	13.84%	JWN	 48.61 	 (0.36)	-0.74%	Nordstrom, Inc	 59.70 	 42.70 	3,526,900 
 -3.15%	15.49%	K	 55.10 	 (0.20)	-0.35%	Kellogg Co	 56.89 	 47.71 	669,000 
 -46.68%	25.68%	KBH	 29.90 	 0.27 	0.91%	KB Home	 56.08 	 23.79 	4,218,833 
 -16.39%	6.31%	KEY	 33.36 	 (0.25)	-0.75%	KeyCorp	 39.90 	 31.38 	1,739,300 
 -8.49%	13.66%	KFT	 34.04 	 (0.09)	-0.28%	Kraft Foods'A'	 37.20 	 29.95 	5,800,768 
 -52.22%	-0.28%	KG	 10.63 	 (0.17)	-1.58%	King Pharmaceuticals	 22.25 	 10.66 	3,259,300 
 -14.01%	36.60%	KIM	 46.09 	 (0.30)	-0.65%	Kimco Realty	 53.60 	 33.74 	1,438,300 
 -15.11%	16.62%	KLAC	 53.20 	 (1.45)	-2.67%	KLA-Tencor Corp	 62.67 	 45.62 	7,090,132 
 -4.12%	9.41%	KMB	 69.79 	 (0.12)	-0.18%	Kimberly-Clark	 72.79 	 63.79 	1,579,100 
 -0.79%	32.37%	KO	 57.87 	 0.13 	0.22%	Coca-Cola Co	 58.33 	 43.72 	6,602,099 
 -9.71%	36.55%	KR	 28.84 	 0.12 	0.40%	Kroger Co	 31.94 	 21.12 	3,735,600 
 -23.18%	16.40%	KSS	 61.11 	 0.64 	1.06%	Kohl's Corp	 79.55 	 52.50 	3,883,655 
 -23.50%	3.84%	LEG	 19.47 	 (0.14)	-0.73%	Leggett & Platt	 25.45 	 18.75 	1,696,836 
 -25.17%	31.45%	LEH	 64.49 	 (0.33)	-0.52%	Lehman Brothers Holdings	 86.18 	 49.06 	7,395,016 
 -55.24%	17.18%	LEN	 25.31 	 0.30 	1.22%	Lennar Corp'A'	 56.54 	 21.60 	2,822,700 
 -4.18%	20.56%	LH	 78.88 	 0.55 	0.70%	Laboratory Corp Amer Hldgs	 82.32 	 65.43 	602,500 
 -29.97%	6.18%	LIZ	 32.80 	 (0.92)	-2.70%	Liz Claiborne	 46.84 	 30.89 	2,300,400 
 -0.69%	43.84%	LLL	 107.02 	 (0.83)	-0.77%	L-3 Communications Hldgs	 107.76 	 74.40 	576,900 
 -11.25%	15.98%	LLTC	 34.47 	 (0.07)	-0.21%	Linear Technology Corp	 38.84 	 29.72 	6,811,705 
 -4.26%	14.22%	LLY	 58.40 	 (0.08)	-0.13%	Lilly (Eli)	 61.00 	 51.13 	4,342,300 
 -21.56%	12.53%	LM	 86.42 	 (0.54)	-0.62%	Legg Mason Inc	 110.17 	 76.80 	2,977,400 
 -0.91%	33.91%	LMT	 110.74 	 (0.69)	-0.62%	Lockheed Martin	 111.76 	 82.70 	3,249,800 
 -7.52%	27.02%	LNC	 69.10 	 (0.22)	-0.32%	Lincoln Natl Corp	 74.72 	 54.40 	1,285,300 
 -18.66%	11.89%	LOW	 29.07 	 (0.03)	-0.11%	Lowe's Cos	 35.74 	 25.98 	7,210,800 
 -31.50%	26.71%	LSI	 7.59 	 -   	0.00%	LSI Corporation	 11.08 	 5.99 	8,684,490 
 -33.80%	4.10%	LTD	 21.58 	 -   	-0.01%	Limited Brands	 32.60 	 20.73 	6,532,900 
 -7.33%	31.13%	LTR	 49.54 	 (0.19)	-0.38%	Loews Corp	 53.46 	 37.78 	1,263,900 
 -1.33%	100.00%	LUK	 51.04 	 (0.71)	-1.37%	Leucadia National Corporation	 51.73 	 25.52 	486,100 
 -12.03%	6.34%	LUV	 14.92 	 (0.06)	-0.40%	Southwest Airlines	 16.96 	 14.03 	2,360,300 
 -41.35%	24.11%	LXK	 43.80 	 2.74 	6.67%	Lexmark Intl'A'	 74.68 	 35.29 	5,250,500 
 -26.12%	21.01%	M	 34.50 	 0.11 	0.33%	Macy's Inc	 46.70 	 28.51 	3,385,000 
 -20.29%	4.88%	MAR	 41.45 	 (0.50)	-1.19%	Marriott Intl 'A'	 52.00 	 39.52 	2,988,300 
 -30.53%	6.49%	MAS	 24.12 	 (0.21)	-0.88%	Masco Corp	 34.72 	 22.65 	2,853,200 
 -23.73%	11.68%	MAT	 22.66 	 (0.05)	-0.21%	Mattel, Inc	 29.71 	 20.29 	1,623,700 
 -13.35%	34.57%	MBI	 65.87 	 (1.83)	-2.70%	MBIA Inc	 76.02 	 48.95 	1,643,100 
 -0.75%	42.58%	MCD	 57.03 	 (0.40)	-0.70%	McDonald's Corp	 57.46 	 40.00 	6,494,600 
 -23.17%	4.99%	MCHP	 32.62 	 0.61 	1.90%	Microchip Technology	 42.46 	 31.07 	7,341,007 
 -5.24%	27.80%	MCK	 60.55 	 0.64 	1.07%	McKesson Corp	 63.90 	 47.38 	1,994,881 
 -33.41%	19.45%	MCO	 50.67 	 (1.03)	-1.99%	Moody's Corp	 76.09 	 42.42 	2,694,900 
 -6.37%	23.30%	MDP	 59.37 	 (0.28)	-0.47%	Meredith Corp	 63.41 	 48.15 	117,300 
 -1.97%	19.46%	MDT	 56.85 	 0.49 	0.86%	Medtronic, Inc	 57.99 	 47.59 	5,023,400 
 -24.06%	11.95%	MER	 74.94 	 0.31 	0.42%	Merrill Lynch	 98.68 	 66.94 	14,231,154 
 -1.52%	24.71%	MET	 70.15 	 (0.58)	-0.82%	Metlife Inc	 71.23 	 56.25 	2,080,665 
 -26.06%	13.70%	MHP	 53.61 	 (0.42)	-0.78%	McGraw-Hill Companies	 72.50 	 47.15 	1,573,400 
 -0.16%	96.11%	MHS	 92.33 	 1.20 	1.32%	Medco Health Solutions	 92.48 	 47.08 	1,684,800 
 -12.63%	11.39%	MI	 44.98 	 (0.56)	-1.24%	Marshall & Ilsley	 51.48 	 40.38 	1,461,000 
 -6.33%	23.58%	MIL	 76.00 	 0.71 	0.95%	Millipore Corp	 81.14 	 61.50 	514,414 
 -11.00%	3.75%	MKC	 35.44 	 (0.13)	-0.37%	Mccormick & Co	 39.82 	 34.16 	547,100 
 -19.58%	12.03%	MMC	 26.91 	 0.21 	0.79%	Marsh & McLennan Companies Inc	 33.46 	 24.02 	2,937,300 
 -0.19%	31.44%	MMM	 95.82 	 0.18 	0.19%	3M Co	 96.00 	 72.90 	2,925,736 
 -33.58%	12.42%	MNST	 36.39 	 (0.01)	-0.02%	Monster Worldwide	 54.79 	 32.37 	1,976,633 
 -3.05%	19.84%	MO	 70.00 	 0.05 	0.08%	Altria Group	 72.20 	 58.41 	8,123,000 
 -31.37%	17.11%	MOLX	 27.52 	 (0.22)	-0.79%	Molex Inc	 40.10 	 23.50 	557,363 
 -1.18%	107.67%	MON	 88.78 	 (0.73)	-0.82%	Monsanto Co	 89.84 	 42.75 	13,587,146 
 -28.90%	19.80%	MOT	 18.70 	 (0.07)	-0.40%	Motorola, Inc	 26.30 	 15.61 	12,439,100 
 -3.46%	27.93%	MRK	 53.23 	 (0.27)	-0.50%	Merck & Co	 55.14 	 41.61 	5,663,900 
 -11.92%	50.91%	MRO	 59.05 	 (0.18)	-0.31%	Marathon Oil Corp	 67.04 	 39.13 	6,753,100 
 -10.73%	22.77%	MS	 67.40 	 (1.47)	-2.12%	Morgan Stanley	 75.50 	 54.90 	7,490,100 
 -5.06%	13.18%	MSFT	 30.23 	 0.10 	0.33%	Microsoft Corp	 31.84 	 26.71 	33,307,585 
 -15.95%	8.13%	MTB	 105.17 	 (1.80)	-1.68%	M&T Bank	 125.13 	 97.26 	475,600 
 -51.48%	61.95%	MTG	 34.01 	 (0.63)	-1.80%	MGIC Investment	 70.10 	 21.00 	1,828,600 
 -30.45%	3.98%	MU	 10.71 	 -   	0.00%	Micron Technology	 15.40 	 10.30 	13,653,200 
 1.84%	68.46%	MUR	 76.33 	 0.68 	0.91%	Murphy Oil	 74.95 	 45.31 	1,364,200 
 -13.89%	19.14%	MWV	 31.43 	 (0.47)	-1.48%	MeadWestvaco Corp	 36.50 	 26.38 	1,916,600 
 -30.35%	14.91%	MYL	 15.95 	 -   	0.00%	Mylan Inc	 22.90 	 13.88 	3,690,800 
 1.37%	64.97%	NBL	 74.04 	 1.54 	2.12%	Noble Energy	 73.04 	 44.88 	1,824,623 
 -17.57%	10.98%	NBR	 30.02 	 0.40 	1.39%	Nabors Industries Inc	 36.42 	 27.05 	6,824,491 
 -35.08%	1.98%	NCC	 25.28 	 (0.38)	-1.48%	National City Corp	 38.94 	 24.79 	5,207,428 
 -11.13%	56.05%	NE	 48.25 	 0.34 	0.72%	Noble Corp	 54.29 	 30.92 	6,846,400 
 -4.58%	21.55%	NEM	 46.20 	 0.29 	0.63%	Newmont Mining	 48.42 	 38.01 	6,659,700 
 -19.15%	16.95%	NI	 20.56 	 -   	0.00%	Nisource Inc	 25.43 	 17.58 	1,901,300 
 -0.53%	40.94%	NKE	 61.86 	 (0.01)	-0.02%	Nike, Inc'B'	 62.19 	 43.89 	4,483,700 
 -2.35%	22.20%	NOC	 78.61 	 (0.42)	-0.53%	Northrop Grumman	 80.50 	 64.33 	1,608,564 
 0.32%	193.22%	NOV	 77.44 	 1.70 	2.24%	National Oilwell Varco Inc	 77.19 	 26.41 	4,094,696 
 -2.54%	41.23%	NOVL	 8.05 	 0.13 	1.64%	Novell Inc	 8.26 	 5.70 	5,981,543 
 -10.99%	17.80%	NSC	 53.20 	 -   	0.00%	Norfolk Southern	 59.77 	 45.16 	2,243,009 
 -11.25%	21.71%	NSM	 26.35 	 (0.16)	-0.60%	National Semiconductor Corp	 29.69 	 21.65 	3,599,485 
 -32.24%	25.10%	NTAP	 28.16 	 0.25 	0.91%	Network Appliance	 41.56 	 22.51 	8,026,400 
 0.39%	29.27%	NTRS	 72.39 	 0.34 	0.47%	Northern Trust	 72.11 	 56.00 	1,687,851 
 -16.63%	40.08%	NUE	 58.30 	 (0.72)	-1.22%	Nucor Corp	 69.93 	 41.62 	4,128,791 
 -2.95%	97.06%	NVDA	 36.83 	 (0.35)	-0.94%	Nvidia Corp	 37.95 	 18.69 	9,700,543 
 -22.49%	6.39%	NVLS	 27.13 	 (0.94)	-3.37%	Novellus Systems	 35.00 	 25.50 	4,925,813 
 -9.82%	19.86%	NWL	 29.03 	 (0.08)	-0.27%	Newell Rubbermaid	 32.19 	 24.22 	1,761,400 
 -4.56%	21.05%	NWS.A	 23.00 	 (0.04)	-0.16%	News Corp Ltd Pfd 'A' ADS	 24.10 	 19.00 	4,125,660 
 -25.02%	5.49%	NYT	 20.17 	 0.30 	1.52%	New York Times'A'	 26.90 	 19.12 	1,269,900 
 -50.59%	24.11%	ODP	 22.08 	 0.26 	1.22%	Office Depot	 44.69 	 17.79 	2,734,299 
 -6.78%	10.33%	OMC	 51.69 	 0.63 	1.23%	Omnicom Group	 55.45 	 46.85 	4,187,300 
 -40.54%	6.40%	OMX	 32.94 	 (0.19)	-0.59%	OfficeMax Incorporated	 55.40 	 30.96 	499,800 
 1.06%	43.52%	ORCL	 22.92 	 0.34 	1.48%	Oracle Corp	 22.68 	 15.97 	32,019,270 
 0.28%	59.75%	OXY	 67.19 	 (0.33)	-0.49%	Occidental Petroleum	 67.00 	 42.06 	3,509,908 
 -10.12%	17.43%	PAYX	 42.37 	 (0.07)	-0.17%	Paychex Inc	 47.14 	 36.08 	1,254,313 
 0.42%	34.72%	PBG	 40.59 	 0.37 	0.91%	Pepsi Bottling Group	 40.42 	 30.13 	1,866,200 
 -8.67%	5.46%	PBI	 45.39 	 (0.29)	-0.63%	Pitney Bowes	 49.70 	 43.04 	1,144,900 
 -43.28%	-0.71%	PCAR	 55.94 	 (2.60)	-4.44%	Paccar Inc	 98.63 	 56.34 	2,320,729 
 -7.61%	15.20%	PCG	 48.20 	 (0.58)	-1.19%	PG&E Corp	 52.17 	 41.84 	1,989,700 
 -7.43%	23.93%	PCL	 42.73 	 (0.61)	-1.40%	Plum Creek Timber	 46.16 	 34.48 	810,500 
 -8.30%	132.84%	PCP	 147.39 	 (3.20)	-2.10%	Precision Castparts	 160.73 	 63.30 	2,887,700 
 -1.95%	23.94%	PDCO	 39.30 	 (0.33)	-0.83%	Patterson Companies	 40.08 	 31.71 	544,473 
 -3.29%	52.53%	PEG	 90.71 	 (0.90)	-0.99%	Public Svc Enterprises	 93.80 	 59.47 	1,157,900 
 -1.01%	20.20%	PEP	 73.50 	 0.49 	0.67%	Pepsico Inc	 74.25 	 61.15 	5,312,594 
 -10.39%	10.42%	PFE	 25.54 	 0.05 	0.20%	Pfizer, Inc	 28.50 	 23.13 	29,245,589 
 -0.92%	25.47%	PFG	 64.64 	 (0.32)	-0.50%	Principal Financial Grp	 65.24 	 51.52 	883,400 
 0.07%	18.17%	PG	 71.40 	 0.28 	0.40%	Procter & Gamble	 71.35 	 60.42 	7,250,800 
 -10.69%	9.25%	PGN	 47.11 	 (0.23)	-0.48%	Progress Energy	 52.75 	 43.12 	1,916,100 
 -14.78%	5.37%	PGR	 19.83 	 (0.15)	-0.75%	Progressive Corporation (The)	 23.27 	 18.82 	6,569,300 
 -4.21%	49.04%	PH	 75.13 	 (0.17)	-0.22%	Parker-Hannifin	 78.43 	 50.41 	937,500 
 -56.81%	19.25%	PHM	 15.36 	 0.32 	2.12%	Pulte Homes	 35.56 	 12.88 	4,363,700 
 -4.73%	47.02%	PKI	 28.58 	 (0.63)	-2.16%	Perkinelmer Inc	 30.00 	 19.44 	890,000 
 0.07%	39.68%	PLD	 72.13 	 (0.05)	-0.07%	ProLogis	 72.08 	 51.64 	2,224,666 
 -16.53%	33.75%	PLL	 40.90 	 (0.81)	-1.93%	Pall Corp	 49.00 	 30.58 	788,400 
 -7.79%	10.09%	PNC	 70.46 	 (0.96)	-1.35%	PNC Financial Services Group	 76.41 	 64.00 	1,879,300 
 -19.43%	13.16%	PNW	 41.63 	 -   	0.00%	Pinnacle West Capital	 51.67 	 36.79 	554,000 
 -5.05%	24.18%	PPG	 78.26 	 0.11 	0.13%	PPG Indus	 82.42 	 63.02 	590,500 
 -5.74%	52.22%	PPL	 49.76 	 0.08 	0.16%	PPL Corp	 52.79 	 32.69 	1,487,800 
 -3.20%	31.25%	PRU	 99.97 	 0.09 	0.09%	Prudential Financial	 103.27 	 76.17 	2,098,500 
 -28.58%	22.90%	PSA	 83.68 	 (0.42)	-0.49%	Public Storage	 117.16 	 68.09 	552,200 
 -18.86%	14.58%	PTV	 29.95 	 (0.52)	-1.72%	Pactiv Corp	 36.91 	 26.14 	1,866,300 
 -1.56%	44.59%	PX	 83.66 	 (1.33)	-1.56%	PraxAir Inc	 84.99 	 57.86 	1,120,278 
 -15.22%	19.57%	Q	 8.86 	 (0.44)	-4.71%	Qwest Communications Intl	 10.45 	 7.41 	38,206,459 
 -11.36%	23.14%	QCOM	 42.30 	 (0.32)	-0.76%	Qualcomm Inc	 47.72 	 34.35 	13,030,461 
 -41.59%	16.93%	QLGC	 13.40 	 (0.12)	-0.85%	Qlogic Corp	 22.94 	 11.46 	2,060,297 
 -18.32%	4.15%	R	 47.13 	 (0.53)	-1.12%	Ryder System	 57.70 	 45.25 	1,237,200 
 -8.06%	6.15%	RAI	 62.15 	 0.05 	0.08%	Reynolds American Inc	 67.60 	 58.55 	1,425,700 
 -17.24%	29.58%	RDC	 38.20 	 0.18 	0.49%	Rowan Cos	 46.16 	 29.48 	2,032,449 
 -22.71%	4.71%	RF	 30.26 	 (0.68)	-2.19%	Regions Financial Corporation	 39.15 	 28.90 	2,231,700 
 -24.38%	11.65%	RHI	 31.92 	 (0.61)	-1.87%	Robert Half Intl	 42.21 	 28.59 	790,500 
 -5.33%	71.73%	RIG	 114.44 	 3.26 	2.93%	TransOcean Inc	 120.88 	 66.64 	5,734,500 
 -26.82%	13.16%	RL	 75.07 	 0.33 	0.44%	Polo Ralph Lauren'A'	 102.58 	 66.34 	1,264,600 
 -12.46%	10.45%	ROH	 54.87 	 (0.82)	-1.47%	Rohm & Haas	 62.68 	 49.68 	1,011,700 
 -3.19%	29.01%	ROK	 73.19 	 0.42 	0.58%	Rockwell Automation	 75.60 	 56.73 	898,400 
 -15.85%	16.85%	RRD	 38.08 	 0.19 	0.50%	R.R. Donnelley & Sons Company	 45.25 	 32.59 	699,100 
 -40.71%	26.37%	RSH	 20.75 	 (0.37)	-1.76%	Radioshack Corp	 35.00 	 16.42 	4,830,230 
 -2.20%	32.17%	RTN	 63.97 	 (0.36)	-0.56%	Raytheon Co	 65.41 	 48.40 	1,434,600 
 -8.24%	15.73%	RX	 30.39 	 (0.04)	-0.13%	IMS Health	 33.12 	 26.26 	477,700 
 -23.01%	7.64%	S	 18.03 	 (0.24)	-1.31%	Sprint Nextel Corporation	 23.42 	 16.75 	20,106,700 
 -10.51%	13.62%	SAF	 61.88 	 0.31 	0.50%	Safeco Corp	 69.15 	 54.46 	628,000 
 -33.39%	5.67%	SBUX	 26.65 	 (0.22)	-0.83%	Starbucks Corp	 40.01 	 25.22 	7,778,282 
 -1.39%	38.92%	SCHW	 22.70 	 (0.33)	-1.43%	Charles Schwab Corp (The)	 23.02 	 16.34 	5,544,526 
 -15.27%	19.68%	SE	 25.42 	 0.20 	0.77%	Spectra Energy Corp	 30.00 	 21.24 	1,490,547 
 -20.55%	11.57%	SEE	 26.91 	 (0.33)	-1.21%	Sealed Air	 33.87 	 24.12 	747,600 
 -4.35%	52.91%	SGP	 32.34 	 0.02 	0.06%	Schering-Plough	 33.81 	 21.15 	6,415,100 
 -24.99%	18.65%	SHLD	 146.40 	 0.89 	0.61%	Sears Holding Corporation	 195.18 	 123.39 	2,311,430 
 -10.87%	16.86%	SHW	 65.92 	 (0.25)	-0.38%	Sherwin-Williams	 73.96 	 56.41 	722,400 
 -2.10%	46.45%	SIAL	 49.91 	 (0.32)	-0.63%	Sigma-Aldrich	 50.98 	 34.08 	380,267 
 -0.94%	103.85%	SII	 73.65 	 1.27 	1.77%	Smith International Inc	 74.35 	 36.13 	2,352,000 
 -0.45%	94.43%	SLB	 108.26 	 3.63 	3.47%	Schlumberger Ltd	 108.75 	 55.68 	11,724,200 
 -10.80%	9.76%	SLE	 16.19 	 (0.30)	-1.80%	Sara Lee Corp	 18.15 	 14.75 	6,495,300 
 -16.16%	20.67%	SLM	 48.63 	 0.02 	0.03%	SLM Corp	 58.00 	 40.30 	2,884,300 
 -15.81%	9.96%	SNA	 48.67 	 (0.36)	-0.73%	Snap-On Inc	 57.81 	 44.26 	319,400 
 -17.10%	44.05%	SNDK	 51.60 	 0.24 	0.47%	SanDisk Corp	 62.24 	 35.82 	8,361,127 
 -15.79%	9.75%	SNV	 28.48 	 (0.33)	-1.13%	Synovus Financial	 33.82 	 25.95 	1,571,000 
 -5.42%	10.95%	SO	 36.79 	 (0.31)	-0.84%	Southern Company Inc	 38.90 	 33.16 	2,696,900 
 -35.54%	4.18%	SOV	 17.21 	 0.03 	0.18%	Sovereign Bancorp	 26.70 	 16.52 	3,157,219 
 -14.00%	29.07%	SPG	 106.61 	 (0.62)	-0.58%	Simon Property Group	 123.96 	 82.60 	1,068,800 
 -19.79%	6.75%	SPLS	 22.46 	 (0.19)	-0.84%	Staples Inc	 28.00 	 21.04 	5,953,745 
 -12.07%	14.56%	SRE	 58.37 	 (0.46)	-0.78%	Sempra Energy	 66.38 	 50.95 	1,122,500 
 -18.67%	14.59%	SSP	 43.42 	 0.13 	0.30%	Scripps Company (E.W.) Cl 'A'	 53.39 	 37.89 	609,100 
 -19.20%	3.38%	STI	 76.10 	 (0.92)	-1.18%	SunTrust Banks	 94.18 	 73.61 	1,450,994 
 -8.40%	35.99%	STJ	 44.06 	 (0.26)	-0.58%	St. Jude Medical	 48.10 	 32.40 	1,009,100 
 -9.80%	39.52%	STR	 52.99 	 0.16 	0.29%	Questar Corp	 58.75 	 37.98 	584,200 
 -5.11%	18.37%	STT	 69.99 	 0.70 	1.02%	State Street Corp	 73.76 	 59.13 	4,106,800 
 -10.90%	38.02%	STZ	 25.99 	 0.29 	1.12%	Constellation Brands 'A'	 29.17 	 18.83 	2,496,500 
 -10.25%	36.80%	SUN	 77.54 	 0.79 	1.03%	Sunoco Inc	 86.40 	 56.68 	3,022,877 
 -27.48%	14.60%	SVU	 36.10 	 0.33 	0.92%	Supervalu Inc	 49.78 	 31.50 	3,471,029 
 -9.82%	24.39%	SWK	 57.94 	 0.24 	0.41%	Stanley Works	 64.25 	 46.58 	636,700 
 -13.26%	21.23%	SWY	 33.23 	 (0.21)	-0.63%	Safeway Inc	 38.31 	 27.41 	3,692,472 
 -0.19%	49.65%	SYK	 73.33 	 (0.19)	-0.26%	Stryker Corp	 73.47 	 49.00 	674,200 
 -5.36%	29.63%	SYMC	 21.00 	 (0.16)	-0.76%	Symantec Corp	 22.19 	 16.20 	12,092,239 
 -7.78%	14.25%	SYY	 34.16 	 (0.42)	-1.20%	Sysco Corp	 37.04 	 29.90 	2,212,659 
 -2.84%	31.50%	T	 41.75 	 (0.01)	-0.03%	AT&T Inc	 42.97 	 31.75 	15,704,827 
 -1.66%	75.28%	TAP	 56.72 	 0.18 	0.33%	Molson Coors Brewing Co Cl 'B'	 57.68 	 32.36 	3,313,600 
 -8.58%	3.73%	TDC	 26.97 	 (0.13)	-0.48%	TDC	 29.50 	 26.00 	2,049,466 
 -11.95%	10.24%	TE	 16.36 	 (0.02)	-0.13%	Teco Energy	 18.58 	 14.84 	1,770,400 
 -11.79%	11.19%	TEG	 53.48 	 0.12 	0.22%	Integrys Energy Group Inc	 60.63 	 48.10 	360,400 
 -18.65%	9.02%	TEK	 28.78 	 (0.08)	-0.28%	Tektronix Inc	 35.38 	 26.40 	957,000 
 -10.85%	15.00%	TEL	 36.80 	 (0.04)	-0.10%	Tyco Electronics	 41.28 	 32.00 	5,574,600 
 -26.34%	5.32%	TER	 13.65 	 -   	0.00%	Teradyne Inc	 18.53 	 12.96 	4,037,700 
 -8.75%	79.29%	TEX	 88.46 	 -   	0.00%	Terex Corp	 96.94 	 49.34 	1,209,500 
 -7.04%	17.99%	TGT	 65.77 	 0.02 	0.03%	Target Corp	 70.75 	 55.74 	7,586,060 
 -57.57%	13.50%	THC	 3.53 	 0.11 	3.19%	Tenet Healthcare	 8.32 	 3.11 	8,009,600 
 -0.97%	63.01%	TIF	 56.24 	 (0.05)	-0.08%	Tiffany & Co	 56.79 	 34.50 	1,627,200 
 -15.45%	48.10%	TIN	 56.04 	 (0.56)	-1.00%	Temple-Inland	 66.28 	 37.84 	940,200 
 -8.60%	15.27%	TJX	 29.67 	 (0.07)	-0.25%	TJX Companies	 32.46 	 25.74 	3,537,500 
 -35.70%	0.23%	TLAB	 8.79 	 (0.09)	-1.00%	Tellabs, Inc	 13.67 	 8.77 	9,510,230 
 -10.55%	7.86%	TMK	 63.10 	 (0.30)	-0.47%	Torchmark Corp	 70.54 	 58.50 	248,700 
 -2.12%	47.87%	TMO	 58.26 	 (1.15)	-1.94%	Thermo Fisher Scientific Inc	 59.52 	 39.40 	3,131,500 
 -14.39%	27.74%	TRB	 29.10 	 0.20 	0.69%	Tribune Co.	 33.99 	 22.78 	573,819 
 -2.04%	36.84%	TROW	 58.20 	 (0.44)	-0.75%	T.Rowe Price Group	 59.41 	 42.53 	1,136,157 
 -5.51%	13.94%	TRV	 53.85 	 0.41 	0.77%	The Travelers Companies Inc	 56.99 	 47.26 	3,153,800 
 -23.40%	32.13%	TSN	 18.63 	 0.08 	0.41%	Tyson Foods'A'	 24.32 	 14.10 	2,420,200 
 -14.54%	87.86%	TSO	 55.25 	 3.05 	5.87%	Tesoro Corporation	 64.65 	 29.41 	8,820,636 
 -17.36%	7.15%	TWX	 19.04 	 (0.08)	-0.42%	Time Warner	 23.04 	 17.77 	17,865,400 
 -8.18%	28.86%	TXN	 36.39 	 (0.28)	-0.77%	Texas Instruments	 39.63 	 28.24 	9,656,000 
 -3.87%	45.16%	TXT	 63.16 	 (0.81)	-1.27%	Textron, Inc	 65.70 	 43.51 	1,322,002 
 0.06%	31.01%	TXU	 69.24 	 0.08 	0.12%	TXU Corp	 69.20 	 52.85 	4,513,500 
 -14.71%	16.14%	TYC	 46.20 	 0.60 	1.32%	Tyco Intl Ltd	 54.17 	 39.78 	1,945,100 
 -22.16%	28.40%	UIS	 7.55 	 0.18 	2.50%	Unisys Corp	 9.70 	 5.88 	3,166,200 
 -13.61%	9.33%	UNH	 49.33 	 0.87 	1.79%	UnitedHealth Group Inc	 57.10 	 45.12 	13,112,300 
 -10.04%	29.50%	UNM	 25.37 	 (0.29)	-1.14%	UNUMProvident Corp	 28.20 	 19.59 	2,169,200 
 -9.03%	32.21%	UNP	 117.68 	 (0.52)	-0.44%	Union Pacific	 129.36 	 89.01 	1,065,714 
 -4.25%	11.17%	UPS	 76.33 	 (0.56)	-0.73%	United Parcel'B'	 79.72 	 68.66 	3,237,887 
 -10.42%	13.48%	USB	 33.01 	 (0.37)	-1.12%	U.S. Bancorp	 36.85 	 29.09 	6,875,200 
 -19.54%	3.84%	UST	 49.22 	 0.63 	1.29%	UST Inc	 61.17 	 47.40 	1,456,400 
 -2.42%	30.26%	UTX	 80.50 	 (0.87)	-1.07%	United Technologies	 82.50 	 61.80 	3,434,300 
 -23.73%	14.50%	VAR	 42.71 	 (0.72)	-1.65%	Varian Medical Systems	 56.00 	 37.30 	754,200 
 -14.32%	12.00%	VFC	 82.42 	 (0.37)	-0.44%	VF Corp	 96.20 	 73.59 	1,106,400 
 -8.31%	22.38%	VIA.B	 41.29 	 0.24 	0.59%	Viacom Inc Cl 'B'	 45.03 	 33.74 	2,794,400 
 -5.63%	55.79%	VLO	 74.25 	 1.81 	2.51%	Valero Energy	 78.68 	 47.66 	18,319,700 
 -28.49%	17.46%	VMC	 91.97 	 (0.79)	-0.85%	Vulcan Materials	 128.62 	 78.30 	840,100 
 -15.61%	37.86%	VNO	 115.24 	 (1.77)	-1.51%	Vornado Realty Trust	 136.55 	 83.59 	1,081,766 
 -1.70%	69.60%	VRSN	 34.09 	 0.07 	0.20%	Verisign Inc	 34.68 	 20.10 	4,518,699 
 -0.07%	34.21%	VZ	 45.63 	 0.08 	0.18%	Verizon Communications	 45.66 	 34.00 	9,436,464 
 -20.84%	0.54%	WAG	 38.87 	 (0.30)	-0.77%	Walgreen Co	 49.10 	 38.66 	8,005,200 
 -2.97%	48.51%	WAT	 66.65 	 (0.44)	-0.66%	Waters Corp	 68.69 	 44.88 	710,800 
 -13.64%	13.27%	WB	 50.78 	 (0.55)	-1.07%	Wachovia Corp	 58.80 	 44.83 	9,735,600 
 -19.23%	15.36%	WEN	 34.10 	 0.18 	0.52%	Wendy's Intl Inc	 42.22 	 29.56 	1,855,600 
 -3.61%	12.12%	WFC	 36.62 	 (0.55)	-1.47%	Wells Fargo	 37.99 	 32.66 	13,061,731 
 -23.59%	40.61%	WFMI	 50.62 	 (2.12)	-4.01%	Whole Foods Market	 66.25 	 36.00 	4,087,553 
 -5.48%	88.44%	WFR	 65.03 	 0.37 	0.57%	Memc Electronic Materials	 68.80 	 34.51 	2,782,600 
 -6.18%	85.54%	WFT	 66.61 	 1.26 	1.94%	WeatherFord Intl	 71.00 	 35.90 	3,307,800 
 -21.80%	27.99%	WHR	 92.28 	 -   	0.00%	Whirlpool Corp	 118.00 	 72.10 	735,100 
 -9.40%	13.64%	WIN	 14.16 	 0.05 	0.38%	Windstream Corporation	 15.63 	 12.46 	2,776,300 
 -7.08%	14.24%	WLP	 80.14 	 0.15 	0.19%	WellPoint Inc	 86.25 	 70.15 	2,928,264 
 -23.52%	13.43%	WM	 35.47 	 (0.57)	-1.59%	Washington Mutual	 46.38 	 31.27 	8,792,956 
 -3.97%	47.94%	WMB	 34.81 	 (0.12)	-0.35%	Williams Companies	 36.25 	 23.53 	2,668,295 
 -6.82%	18.46%	WMI	 38.38 	 0.18 	0.46%	Waste Management	 41.19 	 32.40 	2,063,400 
 -12.58%	8.32%	WMT	 45.59 	 0.38 	0.84%	Wal-Mart Stores	 52.15 	 42.09 	15,811,050 
 -8.43%	27.73%	WPI	 31.05 	 (0.43)	-1.37%	Watson Pharmaceuticals	 33.91 	 24.31 	1,102,700 
 -14.68%	35.60%	WU	 20.34 	 (0.60)	-2.88%	Western Union Co (THE)	 23.84 	 15.00 	5,898,900 
 -0.69%	46.00%	WWY	 66.02 	 -   	0.00%	Wrigley, (wm) Jr	 66.48 	 45.22 	488,500 
 -15.43%	23.43%	WY	 73.65 	 (1.65)	-2.20%	Weyerhaeuser Co	 87.09 	 59.67 	1,410,600 
 -21.81%	5.68%	WYE	 46.13 	 (0.79)	-1.68%	Wyeth	 59.00 	 43.65 	5,470,100 
 -15.71%	20.68%	WYN	 33.21 	 -   	0.00%	Wyndham Worldwide Corporation	 39.40 	 27.52 	903,600 
 -15.03%	71.63%	X	 108.13 	 0.62 	0.58%	U.S. Steel Corporation	 127.26 	 63.00 	2,271,164 
 -12.23%	12.15%	XEL	 21.97 	 (0.14)	-0.63%	Xcel Energy	 25.03 	 19.59 	2,386,100 
 -5.16%	21.40%	XL	 81.25 	 (0.38)	-0.47%	XL Capital Ltd 'A'	 85.67 	 66.93 	968,800 
 -15.80%	13.23%	XLNX	 25.68 	 (0.93)	-3.49%	Xilinx Inc	 30.50 	 22.68 	8,953,555 
 -0.91%	40.57%	XOM	 93.13 	 0.39 	0.42%	Exxon Mobil	 93.99 	 66.25 	18,288,262 
 -14.22%	13.43%	XRX	 17.31 	 (0.27)	-1.52%	Xerox Corp	 20.18 	 15.26 	5,024,000 
 0.61%	58.78%	XTO	 64.67 	 1.32 	2.09%	XTO Energy	 64.28 	 40.73 	4,792,000 
 -15.65%	27.30%	YHOO	 28.35 	 -   	0.00%	Yahoo Inc	 33.61 	 22.27 	14,788,266 
 -0.89%	39.81%	YUM	 38.00 	 (0.22)	-0.57%	Yum Brands	 38.34 	 27.18 	9,509,000 
 -19.85%	5.14%	ZION	 70.98 	 (1.19)	-1.65%	Zions Bancorp	 88.56 	 67.51 	894,821 
 -11.07%	21.66%	ZMH	 83.93 	 1.31 	1.59%	Zimmer Holdings	 94.38 	 68.99 	1,918,618 
 

Since March 2007 breakout alert, $SSEC is performing extremely well; however, $SSEC Shanghai, is it irrational exuberance?

5,552.30 3:00AM ET Up 142.90 (2.64%)

IT is up 2.64% making new high.


Considering the early stage of the global financial and economic growth for CHINA in LT since its debut in 1990, it is expected; but, need to be cautious.





Euro markets are trading down, as usual.


Euro Market intra


ASIAN Market intra





International Markets



SSEC Shanghai Composite 5,552.30 3:00AM ET Up 142.90 (2.64%) Chart, More
^HSI Hang Seng 27,142.47 5:59AM ET Up 77.32 (0.29%) Components, Chart, More
^BSESN BSE 30 17,291.10 6:59AM ET Up 140.54 (0.82%) Chart, More
^JKSE Jakarta Composite 2,359.21 6:31AM ET Down 19.62 (0.82%) Components, Chart, More
^KLSE KLSE Composite 1,336.30 5:02AM ET Up 0.64 (0.05%) Components, Chart, More
^N225 Nikkei 225 16,785.69 3:00AM ET Down 46.53 (0.28%) Chart, More
^NZ50 NZSE 50 4,268.90 1:31AM ET Down 6.91 (0.16%) Components, Chart, More
^STI Straits Times 3,706.23 5:05AM ET Down 8.54 (0.23%) Components, Chart, More
^KS11 Seoul Composite 1,946.48 5:03AM ET Up 1.20 (0.06%) Components, Chart, More

Shanghai is trading to new highs while consolidating.

The market certainly has good potential to grow strong as $HSI Hong Kong.

$SSEC is pulling back from 5412 target +/- after breaking out in Aug 2007 which is the second breakout.

The Shanghai Stock Exchange (SSE) was founded on Nov. 26th,1990 and in operation on Dec.19th the same year. It is a non-profit-making membership institution directly governed by the China Securities Regulatory Commission(CSRC).

The SSE bases its development on the principle of "legislation, supervision, self-regulation and standardization" to create a transparent, open, safe and efficient marketplace. The SSE endeavors to realize a variety of functions: providing marketplace and facilities for the securities trading; formulating business rules; accepting and arranging listings; organizing and monitoring securities trading; regulating members and listed companies; managing and disseminating market information.

After several years' operation, the SSE has become the most preeminent stock market in Mainland China in terms of number of listed companies, number of shares listed, total market value, tradable market value, securities turnover in value, stock turnover in value and the T-bond turnover in value. December 2004 ended with over 37.87 million investors and 837 listed companies. The total market capitalization of SSE hit RMB 2.6 trillion. In 2004, Capital raised from SSE market surpassed RMB 45.7 billion. A large number of companies from key industries, infrastructure and high-tech sectors have not only raised capital, but also improved their operation mechanism through listing on Shanghai stock market.

Entering the new century，SSE is faced with great opportunities as well as challenges to further boost the market construction and regulation. Combining the cutting-edge hardware facilities，favorable policy conditions in Pudong, exemplary role of Shanghai economy, SSE is fully committed to the goal of State-owned industrial enterprises reform and developing Shanghai into an international financial center with great confidence.


Introduction of SSE Indices

As authoritative statistical indicators widely adopted by domestic and overseas investors in measuring the performance of Chinese security market, SSE Indices are compiled and published by Shanghai Stock Exchange. SSE Indices are price indices including SSE 180 Index, SSE 50 Index, SSE Dividend Index, SSE New Composite Index, SSE Composite Index, Sector Indices, SSE Fund Index, SSE Government Bond Index, and SSE Corporate Bond Index. Among them, the earliest one compiled was SSE Composite Index.

In order to promote the long-term infrastructure construction and the standardization process of the security market, Shanghai Stock Exchange restructured SSE 30 Index and renamed it SSE Constituent Index (SSE 180 Index) in June 2002. As the core of SSE Indices, SSE 180 has made major improvements in methodology on the basis of SSE 30 Index through taking China's current financial market situation into consideration and integrating international experience. Its objective is to select constituents that best represent Shanghai market through scientific and objective method, to establish a benchmark index that will reflect Shanghai market and serve as a performance benchmark and a basis for financial innovation.

SSE Government Bond Index and Corporate Bond Index were launched in 2003. Thus SSE Indices formed a complete system including equity, fund and bond. In early 2004, Shanghai Stock Exchange launched SSE 50 Index in order to reflect the performance of a number of most influential stocks in Shanghai Market. Thus, SSE Composite Index (a whole market index), SSE 180 Index (a performance benchmark index), SSE 50 Index (an index for good quality, large scale stocks) have formed a 3-level pyramid index structure.

SSE Indices reflect overall price changes of stocks listed at Shanghai Sock Exchange from various perspectives. SSE Indices also reflect the level of prosperity and overall price changes of each industry, thus provide investors with benchmark systems for different investment portfolios. With security market's growing importance in national economy, SSE Indices has gradually become a weatherglass for China's economy.

Index Advisory Committee

In order to ensure scientific methodology, transparency of index adjustment and fairness in constituent selection, Shanghai Stock Exchange has established an Index Advisory Committee, which will evaluate and provide advice for index methodology, constituent selection, index adjustment, and index operation standards.

http://www.sse.com.cn/sseportal/en_us/ps/sczn/zstx_home.shtml

$SSEC is performing superb. 5,393.66 3:00AM ET Up 82.944 (1.56%) As commented during Mar 2007 breakout, the market indeed grew fast. $SSEC looks to be more room to grow as it broke out from LT TL resistance.


"Shanghai became the third largest financial center in the world, ranking after New York City and London, and the largest commercial city in the Far East."

http://en.wikipedia.org/wiki/Shanghai

As China opened its door to the world, it became stronger and hopefully becomes a charitable country.

Global Economy,





Proverbs

The authorship of Proverbs has not been easy to determine.

Solomon’s name appears in Proverbs 1:1, "The proverbs of Solomon the son of David, King of Israel", although this does not necessarily mean that he was the author. It was often the custom to place the name of the King or someone of prominence in writings in order to honour them, or to give those writings more prestige. However, Solomon is often mentioned as someone who has extensive wisdom in the Bible as well as in extra-biblical literature. In 1 Kings 4:29-34 3000 proverbs and over 1000 songs are said to have come from Solomon. It is also said that people came from all over to hear the wisdom of Solomon. The general assumption is that Solomon was a part of the authorship to some extent, but that the book was not solely his work. There are also names linked to other sections of the book, as well as elements of disunity within the book that suggest more than one author. Some of the authorship is attributed to "Men of Hezekiah", though it is stated that they simply transcribed the proverbs rather than writing them of their own accord.

~~~

Freemasonry is a fraternal organization. Arising from obscure origins (theorized to be anywhere from the time of the building of King Solomon's Temple to the mid-1600s), it now exists in various forms all over the world, and claims millions of members. All of these various forms share moral and metaphysical ideals, which include in most cases a constitutional declaration of belief in a Supreme Being.[1]

The fraternity is administratively organized into Grand Lodges (or sometimes Orients) that each govern their own jurisdiction, which consists of subordinate (or constituent) Lodges. Grand Lodges recognize each other through a process of landmarks and regularity. There are also appendant bodies, which are organizations related to the main branch of Freemasonry, but with their own independent administration.

Freemasonry uses the metaphors of operative stonemasons' tools and implements, against the allegorical backdrop of the building of King Solomon's Temple, to convey what is most generally defined as "a system of morality veiled in allegory and illustrated by symbols."[2]

http://en.wikipedia.org/wiki/Freemasonry


http://en.wikipedia.org/wiki/Book_of_Proverbs

Financial Terror Hype:

CNBC and other media hypers... penetrading to universities and every home...
Latest phrase, "Financial Terror" is worse than "Terrorist attacks".


Note "Financial Terror" hype was at the 8/27/07 resistance.

$SSEC closed at 5032 above 5000. We know that we have the best global economy which we have seen and the best is yet to come....

5,032.49 3:00AM ET Up 52.42 (1.05%) 4968.33 - 5050.38

Shanghai situated on the banks of the Yangtze River Delta in East China, is the largest city of the People's Republic of China and the seventh largest in the world. Widely regarded as the citadel of China's modern economy, the city also serves as one of the nation's most important cultural, commercial, financial, industrial and communications centers. Administratively, Shanghai is a municipality of the People's Republic of China that has province-level status. Shanghai is also one of the world's busiest ports, and became the largest cargo port in the world in 2005.[1]

Originally a fishing town, Shanghai is currently one of China's most important cities. The city often reflects the pop culture, intellectual advances and political systems of the Republic. In the late nineteenth century and early twentieth century, Shanghai was the third largest financial center in the world, ranking after New York City and London, and the largest commercial city in the Far East . After the communist takeover in 1949, Shanghai languished because the central government taxed heavily and foreign investments ceased, purging the city of its "bourgeois" elements. In 1992, the central government authorized market-economy which redeveloped Shanghai. Now, the city has surpassed early-starters Shenzhen and Guangzhou, leading China's skyrocketing economic growth. Although challenges such as economic disparity and migrant workers remain to be overcome, Shanghai's prosperous economy and lifestyle represents China's recent economic development.

$SSEC 5600 +/- from 3000 +/- to second breakout point 4300 +/- from March 2007 LT 15yr TL.






Posted by: __1Best__

Date:4/4/2007 8:01:08 AM
Post #of 2287

GS, You had some good charts and comments. If you would like to know how to post charts, please let me know.


$KOSPI broke above the resistance 1470 +/- which I noted, trading to 1483.

I was looking for a breakout $KOSPI as well as $SSEC. Certainly China $SSEC ran strong after breaking above 15yr TL resistance at 3050, now, it is trading at 3291.

I am hearing that Nasdaq is planning to offer China 30 index.

Good trades


~~~

Posted by: __1Best__

Date:4/9/2007 8:18:25 AM
Post #of 2287

ASIAN BULL MARKETS: China $SSEC
S.Korean $KOSPI, $NIKK traded positive today.

I commented on China $SSEC breaking out since the beginning of Market.

Now it has broken out of 17yr TL breakout and is continuing to making new highs, $SSEC 3400.

Also commented on $KOSPI breaking out from the resistance. It has also broken out of 1470, to 1500.

$SSEC is knocking at 5000 milestone, bullish.

4,980.08 3:00AM ET 4861.27 - 4999.19

I commented that China is LT bullish for a couple of years, annd noted Mar 2007 breakout.

The momentum of China market is bullish as shown on the LT 15yr TL breakout.

A speculation


http://www.traders-talk.com/mb2/index.php?showtopic=75154

China raised interest rates on Tuesday for the fourth time this year to stabilize inflation after consumer prices rose in July at the fastest pace in more than a decade.

The People's Bank of China said it was raising the rate that banks pay for one-year deposits by 27 basis points, to 3.60 percent, and the corresponding benchmark for lending rates by 18 basis points, to 7.02 percent from 6.84 percent.

The increases go into effect on Wednesday.

Although the timing was a surprise, the action itself was not despite turbulence in global markets that has prompted the Federal Reserve to cut its discount rate and hold out the prospect of a reduction in the federal funds rate.

Most economists had forecast an increase, both to anchor inflationary expectations and to reduce the incentive for savers to take their money out of the bank -- where real deposit rates are deeply negative -- and pile into the surging stock market.

"The PBOC is concerned about falling real deposit rates spurring the flow of funds out of deposits into equities. We don't think this is a response to strong growth," said Ben Simpfendorfer, an economist with Royal Bank of Scotland in Hong Kong, said.

Although the economy expanded 11.9 percent in the second quarter from a year earlier, Lin Songli, an analyst with Guosen Securities in Beijing, agreed that, by raising lending rates less than deposit rates, the central bank was signalling it was not intending primarily to slow the pace of growth.

"The move is mainly targeting inflation, and the authorities might have reached a consensus that investment growth is not a big problem now," Lin said.

Consumer prices surged 5.6 percent in the year to July, the fastest pace since early 1997, because of a spike in the cost of pork, eggs and other foods.

Although non-food inflation fell to 0.9 percent in July, policy makers are concerned that price increases are already rippling out across the economy.

"It's also meant to curb fast growth in the stock market, which is now at historical highs and is rising very fast," Lin said.

The main Shanghai share market is up 80 percent this year on top of a 130 percent leap in 2006.

Lin said bank shares were likely to fall hard on Wednesday in response to the rate rise.

http://www.cnbc.com/id/20370012

$SSEC is bullish making new high to 4,955.21 3:00AM ET Up 50.35 (1.03%) trading to 5000.

The market is LT bullish as noted before that its economic growth is strong.

Cheerio 4,866.07 Aug 19 Up 209.49 (4.50%)