Weekly Commentary

April 28, 2010

Several strong days in the markets following positive earnings reports last week have been interrupted by sovereign debt problems in Europe. Greece's debt has been downgraded to junk status, and there is fear that Portugal may be next. It is in these times of uncertainty that the Stadion Investment Model and our investment process give us comfort because we don't have to guess if the market will continue up or turn down. While the severe downside volatility over the last two days may be prelude to a coming change in trend, up to this point none of our positions have had their sell criteria in jeopardy. The Stadion Investment Model continues to signal its lowest market risk reading, and we remain targeted at full equity allocations based on risk tolerance. Of course should a position reach its individual sell criteria, it will be quickly moved to a more defensive position. Also, along with our daily monitoring of current and potential ETFs, we will evaluate all holdings as potential trade up candidates and replace them as needed to position the portfolios for the best possible performance, given risk tolerance.

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