1. Investment Insights Capital Markets Outlook 1st Quarter 2010 Its NOT the Economy Stupid

2. Stocks bottomed when things looked worst Now things look better? 3. The farther they fall, the more they bounce indiscriminate panic then risk taking 4. This aint no 1982. The opposite? 5. It may be quite some time before the next secular Bull market. 6. Fits with the long term 17 year cycles 7. Why should individuals invest differently? 8. Cant find many people who think stocks go down this year, much less challenge the lows 9. While technicals are not our first clue, the target from a break of this formation is retracement of the ENTIRE rally 10. Dj vu? 11. Baby Boomers are very afraid of taking another hit 12. Equity funds are out of powder unless inflows pick up 13. Bonds have record outperformance for 3 decades, and where do individuals shovel their money ? 14. Buffet says the decision is easy to invest in equities over bonds Hard assets even better? 15. High yield No more 16. Return forecasts are half of what they were 9-12 months ago 17. Like Gretzky, Jeremy Grantham is the great one when it comes to skating to where markets are going 18. This is Michael Jordan good 19. Are signs of improvement in the economy what they appear? 20. Lots of assets yet to be written down by banks 21. Lots of supply to work off before development comes back 22. Looks like we will start adding jobs 23. Not enough focus on jobs and small business 24. No lending equals No inflation. Yet 25. Excessive debt stokes need for deflationary deleveraging 26. Countries in The Ring of Fire are most vulnerable 27. I guess some lessons are harder than others to learn 28. Handouts equal almost 1/5th of Personal Income ??? 29. Why is government intervention bad? 30. The US Dollar is universally despised with only 3% of investors bullish. If the $ rallies risk assets of all types likely fall. 31. USD Carry Trade Unwinding? 32. Hard to find someone who hates King Midas 33. Focus growth or risk investments in the developing world 34. All the pieces are in place for the ascension of the BRICs 35. Go where the growth is. Asian consumer story has many chapters ahead 36. Is the emperor wearing clothes? Chanos thinks not 37. What if China and India consume 6-8 barrels per year of oil per capita? 38. It looks like we will run out 39. Current Tactical Weightings by TrancheEquity like (highly correlated to equity market direction) UNDERWEIGHTNon-equity correlated OVERWEIGHTReal Assets (adjust to inflation/deflation) UNDERWEIGHT favoring deflationSafety, liquidity, and income assets - OVERWEIGHT 40. Important Disclosures This material is for educational and informational purposes only and is distributed by Optimal Capital Advisors, LLC, which is registered with the U.S. Securities and Exchange Commission (SEC). The registration described herein no way implies that the SEC has endorsed the above-referenced entity to provide any of the services discussed herein.Past performance may not be indicative of future results. 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