San Diego, California, August 12, 2011 – Late last Friday Standard & Poors issued a historic downgrade of U.S. Debt from AAA to AA+. This unprecedented step has triggered immense debate and concern. It has also precipitated dramatic volatility in stock markets around the world. We anticipate markets will continue to be volatile. Investor Sentiment is affected by the downgrade announcement and what we expect to be a series of downgrades to companies that rely on US Government support for their ratings. Our attention is focused on these events and the current and future impact they may have on your portfolios. Consistent with your investment objectives, we remain focused on protection of principal. We continue to diligently monitor both fundamental and technical market indicators and remain prepared to make adjustments if deemed appropriate. We are here for you to address questions you may have. Please call us if you have additional questions or concerns. Best regards, Bruce Rawdin-Baron Steve Pollock, MS, CFP®, EA | 
