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	At the Moment • Market Performance • Questions for Your Investment Advisor

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MARKET PERFORMANCE

Since bottoming on October 4th, stock markets staged a powerful rally to end the year. The S&P 500 closed the year down a fraction of a percent, its smallest annual move since at least 1970. The Dow industrials closed the year up 5.5%, and the Nasdaq Composite closed the year down 1.8%.

Market Measures*	% Change	% Change	% Change
	4Q Ending	6 Mo Ending	1Yr Ending
	12/31/2011	12/31/2011	12/31/2011
Dow Jones Industrial Avg	12.67%	-0.31%	8.14%
S&P 500(Cap Wtd)	11.75%	-3.75%	1.91%
NYSE Composite	10.09%	-10.12%	-6.11%
NASQAD Composite	8.21%	-5.51%	-0.77%
Russell 1000 Large Cap	11.84%	-3.64%	1.50%
Russell 2000 Small Cap	15.47%	-9.77%	-4.18%
Russell 1000 Growth	10.61%	-3.92%	2.64%
Russell 1000 Value	13.11%	-5.22%	0.39%
S&P Citigroup Growth	10.81%	-2.00%	4.65%
S&P Citigroup Value	12.98%	-5.43%	-0.48%
Lipper Large Cap Value	9.67%	-6.57%	-1.74%
Lehman GC Int Bond	0.84%	3.25%	5.80%
U.S. T-Bills (90 days)	0.00%	0.03%	0.16%
Consumer Price Index	-0.19%	0.33%	3.32%

* Total Return

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