With one eleventh of it in cash, our portfolio returned 0.98% this final week, trailing the
0.99% of S&P 500 Index while leading the Dow Jones Industrial Average’s 0.71% and S&P 500
Financial Sector’s 0.55%. However, the lowest of the past six three-week rates of return
produced by both our portfolio and the financial sector signals the slowing of the recovery from
the correction earlier this year.