Week of 3-22-2009

Timing Model = 0.5
60% long, 40% cash

Global allocation of long positions
MSCI EAFE Index 20%
MCCI Emerging Markets Index 30%
Russell 3000 Index - U.S. 50%

Top U.S. Sectors
U.S. Health Care 4.5
U.S. Semiconductor 3.5
Precious Metals 3.5
Composite Internet 3.0
U.S. Technology 3.0
U.S. Biotechnology 3.0
U.S. Oil & Gas 3.0
U.S. Telecommunications 2.5
U.S. Pharmaceuticals 2.5

Top Intl. ETFs
MSCI Malaysia Index Fund 1
MSCI Brazil Index Fund 1
MSCI South Africa Index Fund 1

Strategy 3
Money Market 33%
U.S. Long Bonds 33%
Precious Metals 33%

Strategy 4
U.S. Long Bonds 25%
Agriculture 25%
Precious Metals 25%
U.S. Small Caps 25%

The reversal in sentiment as again added more equity exposure. Now it's up to prices to signal an intermediate term trend change. Let's see what happens over the coming weeks.