Lets review our last comment: 

"The above represents our last comment on the current economic crisis and the prediction has come to pass and fairly accurate. Our 1250 target for 2011 still stands. Look for a test of 1230 as we gear up for 3rd quarter earnings reports."

Overall, we feel 1250 will have significant resistance.  All eyes are on Europe regardless of what the U.S. corpoate picture looks like (which is quite positive).  Overall, a lot of optimism is in the market and this is a good thing. 

The job market will continue to remain at 9% for some time as America goes through the understanding that it's potential workforce is competing globally now.  For those that have been reading these articles over the years, the book "The World Is Flat" clearly demonstrates that we are a global community now and we must compete globally and to be quite honest, Americans need to be more aggressive with their education and ambitions--its no longer a sure thing to work at a firm for 20 years and have a retirement package.

In general, we expect the optimism to test 1250, possibly even 1275 over the next couple weeks as we work through earnings season. 

I hope everyone had the chance to read the Risk and Reward from the last newsletter, if not, send me an email and I will resend.

We made some big changes this year most notably with the trading system.  The trading system was ready for trading but was not ready for multiple accounts and full automation. 

We will also detail some additional plans over the next few months that will be for the benefit of the company.  New hires are on the table as a priority and these will be disclosed as we move forward into 2012.

 For the remainder of the year we will be focusing on new contracts and capitalization.  Though this year in actual terms has been below our system trading, the system has once again proved it can handle a lot of turmoil and make the most of it. 

Much of this year was focused on other items.  Could we have done an actual number of 20%?  Absolutely, but it would have been sleepless nights for myself and no hope of getting assets under management.  So 2011 is the year in which we turned in a positive number, but focused on AUM capabilities.

I will detail a long term plan this holiday season, so from here on out its about getting ready for 2012 and finishing out a good 2011 from a development perspective.