Cornerstone Chartbook June 2010

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Imagine the family Summer road trip. SUV, Blue Skies, Gasoline less than $3 a gallon, great destination. Great potential for Family fun and Great memories. But someone is car sick. Badly. Yuk! We have a great destination, but getting there is not always fun, it is much the same with the stock market and investments. 7/7/2010 Copyright 2003-2010, All rights reserved. investwithcornerstone.com

Sign of the times… :

Sign of the times… This is a Manson still under construction for sale “as is” for $75 Million, or you can purchase it completed for $100 Million! The seller? A time share magnate who has seen his business decline during the business cycle. The kicker, he called the place “Versailles”. 7/7/2010 Copyright 2003-2010, All rights reserved. investwithcornerstone.com

This is kind of interesting… :

This is kind of interesting… 7/7/2010 Recall that in last quarters chartbook that the State of Illinois was featured as one of the five worst states in terms of fiscal status Copyright 2003-2010, All rights reserved. investwithcornerstone.com

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Lowdown on the slowdown, we had too, things had come a long way fast :

Blue=Better. The worst is over. The sky is not falling. :

Ole TED jumped up and bit us! :

Mass Layoffs Down :

For all the talk of a slowdown, this looks like growth! :

The US Budget Deficit it about to improve, driven by positive cyclical factors. :

The S&P 500… :

The S&P 500… 7/7/2010 Yes, sometimes the S&P 500 feels like a stock car race, round and round in circles. But when you consider how far we have come from the depths of despair, a period of consolidation is not surprising Copyright 2003-2010, All rights reserved. investwithcornerstone.com

The Outlook :

7/7/2010 The Outlook Weak Job Growth = Low Inflation G20 Arguments over continued Stimulus/Deficits are not bluster, policy is shifting Fiscal austerity is the “new” normal 8% returns on stocks may in fact look wonderful in the near term if inflation hovers between -1% and 1% Copyright 2003-2010, All rights reserved. investwithcornerstone.com

The yield curve remains favorable… :

Since the April Highs, Strength in the US dollar has led to weakness in the Stock Market :

Economic Momentum as slowed, not stopped :

Dr. Copper has had a dip since the March Chartbook, but nothing to run and hide from… :

For all the boo-hooing, Home Prices are still improving! :

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7/7/2010 Parting shot… In fact no! Remember the dark days of the Crisis. Non-stop coverage of weekend meetings at the NY Fed. These two didn’t get everything right, but they did not let us fall into a downturn that would have taken an entire generation to recover from. Copyright 2003-2010, All rights reserved. investwithcornerstone.com