Status of Our Vantage Point Investment Models

THREE of our Vantage Point Models have changed since last week.

Our Intermediate-Term Stock Model, our SmallCap Momentum Model and our High-Yield Bond Model all turned NEGATIVE on Friday, May 7. All THREE of these Models turned POSITIVE in February 2010, but are now NEGATIVE.

As of the close on Friday, May 7, the status of our Vantage Point Models is as follows:

Our Intermediate-Term Stock Model is NEGATIVE as of May 7, 2010.
Our SmallCap Momentum Model is NEGATIVE as of May 7, 2010.

Our Treasury Bond Model is NEGATIVE as of February 20, 2009.
Our High-Yield Bond Model is NEGATIVE as of May 7, 2010.

In our relative strength work, we favor:

• SmallCap funds over LargeCap funds         (since 12/18/09)
• Value funds over Growth funds                 (since 02/19/10)
• U.S. funds over Foreign funds                   (since 11/27/09)
• SmallCap Value over LargeCap Growth     (since 12/18/09)