Doug Kass Says Market Hit Low For Year Monday

Based on a scale of 1 (major complacency) to 10 (extreme fear):

Recent Readings

Date....... Index

5/18/12......5.8

3/16/12......2.7

10/3/11......8.5

3/9/09........7.0 (Market bottom)

10/27/08.....8.8 (Market had dropped 28% in 5 weeks)

10/12/07.....3.2 (Market top)

SMA Portfolio.......+3.0%

S&P 500 Index......+3.9%

Small Cap Index....+2.2%

Total U. S. Index...+3.8%

Int'l Index............-1.6%

ASA Gold & Precious Metals Ltd (ASA) 1.2%

BT Group PLC (BT) 1.9%

Exxon Mobil (XOM) 2.8%

iShares S&P U.S. Preferred Stock Index ETF (PFF) 3.5%

Marathon Oil (MRO) 1.4%

Marathon Petroleum (MPC) 1.0%

Morgan Stanley Emerging Market Debt Fund (MSD) 6.9%

Nautilus Inc. (NLS) 1.1%

Pepsico (PEP) 2.8%

Pfizer (PFE) 3.4%

Rayonier Inc. (RYN) 4.2%

SPDR DJ Wilshire Int'l Real Estate ETF (RWX) 3.0%

Vanguard Intermediate-Term Corp Bond ETF (VCIT) 14.5%

Vanguard Short-Term Corp Bond ETF (VCSH) 30.0%

Vanguard Total Bond ETF (BND) 15.6%

Weyerhaeuser (WY) 2.4%

WisdomTree Emerging Mkts Hi Yld ETF (DEM) 3.4%

Cash 0.8%