Week of 11-30-2008

Timing Model = 0
50% long, 50% cash

Global allocation of long positions
MSCI EAFE Index 20%
MCCI Emerging Markets Index 10%
Russell 3000 Index - U.S. 70%

Top U.S. Sectors
U.S. Pharmaceuticals 5.5
U.S. Telecommunications 4.5
U.S. Biotechnology 4.5
U.S. Consumer Goods 4.5
U.S. Oil & Gas 3.0
U.S. Health Care 3.0
Small Cap Value 3.0

Top Intl. ETFs
MSCI Malaysia Index Fund 1
MSCI Japan Index Fund 1
MSCI Switzerland Index Fund 1

Strategy 3
Money Market 50%
U.S. Long Bonds 50%

Strategy 4
U.S. Long Bonds 25%
Agriculture 25%
U.S. Small Cap 25%
U.S. Large Cap 25%

My timing model moved back to a fence sitting allocation of 50/50. Short term sentiment indicators are signaling the market is extremely overbought, so if we are indeed near an intermediate bottom, I'd expect to see some backfilling this week.

Not to beat a dead horse; we're long way from breaking above the 75 or 200 day moving average for the broader market. Seasonality could be a factor in December, but I believe the piles of cash being thrown at the financial industry in addition to talk of a $500B stimulus package may be prove to be a more important factor in stemming significant equity meltdown from here.