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MARKET PERFORMANCE

The second quarter took back all of the stock markets’ first quarter gains and then some, with all major indices closing around seven month lows. Excluding dividends, the Dow was down 9.97%, the S&P down 11.86%, and the NASDAQ off 12.04%. Year to date the indices are off -6.27%, -7.57%, -7.05% respectively.

Market Measures*	% Change	% Change	% Change
	2Q Ending	6 Mo Ending	1Yr Ending
	6/30/2010	6/30/2010	6/30/2010
Dow Jones Industrial Avg	-9.39%	-5.08%	18.90%
S&P 500(Cap Wtd)	-11.43%	-6.69%	14.36%
NYSE Composite	-13.13%	-9.96%	9.56%
NASQAD Composite	-11.81%	-6.61%	16.02%
Russell 1000 Large Cap	-11.44%	-6.40%	15.24%
Russell 2000 Small Cap	-9.92%	-1.95%	21.48%
Russell 1000 Growth	-11.75%	-7.64%	13.62%
Russell 1000 Value	-11.14%	-5.12%	16.92%
S&P Citigroup Growth	-11.28%	-7.99%	12.59%
S&P Citigroup Value	-11.57%	-5.30%	16.40%
Lipper Large Cap Value	-13.37%	-7.53%	15.48%
Lehman GC Int Bond	2.97%	4.56%	8.29%
U.S. T-Bills (90 days)	0.00%	0.00%	0.06%
Consumer Price Index	0.35%	1.13%	1.25%

* Total Return

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