1. 11/05/10

2.  CLUB news  FINANCIAL news  PORTFOLIO overview  SECTORS sign up!  WHAT IS AN ADR?  BAIDU presentation (vote!)

3.  SOLD TY, BOUGHT VESTAS  WALL STREET 2 – good time!  SPOT party - not too many people showed up   Next meeting: next Friday, Nov 12 th  Trip: Thu, Nov 11 th DeSales University– Art/Business Conference, sign up with Career Services  Speaker: Holly Paul ’94, PWC, Monday, Nov 15 th Oechsle Hall

4.  High Unemployment - 9.6% (Stable/Stubborn)  ECI Wages and Salaries: just over 1.5%, slow and relatively stable recently  Retail Sales: very strong recently and for quite a while  Profits & Earnings have been large + new orders also strong.  Consumer Sentiment: 67.7, has been on a downward Trajectory  Consumer Spending: Slow Growth  GDP Growth: Slowing down  Housing Sector: BAD!!! Home sales(both new and old) remain weak  Inflation Subdued (Core PCE:1.4%)  Inflation Expectation Fell in Sept MIXED !!!

5.  QE2($600 billion of U.S. government bonds)  Stock (Dow Jones Up by 1.96%, SP 500 up by 1.94%)  Inflation Expectation just turned to rise

6.  Total AUM: approx.$350,000  Cash: approx. $30, 000  Beta =.89 (up from.81)  Number of positions: 42

7. S&P 500 YTD 8% Portfolio YTD approx. 8.5%

9.  SCCO (PCU) 147%  DBB104%  IBM85%  AKAM85%  KMR64%  CAT43%

10.  BAC (only.7%) 68%  MFC44%  GE33%  BA19%  INTC17%  GILD16%

11. $6,178 IN A DAY

18.  Markets have experienced a high correlation  Reasons: - ETFs - Macro driven trading - => PICK A SECTOR and follow it - => MAKE GROUP PROPOSALS ON SECTORS

19.  TECHNOLOGY  FINANCIALS  ENERGY  HEALTHCARE  CONSUMERS

21.  Represents a share of ownership in a corporation  Can be traded on exchanges (NASDAQ, NYSE, etc)  Can be traded OTC (in the “Pinks”)

22.  Companies that are small  May not meet exchange requirements  Possibly doesn’t meet SEC requirements

23.  American Depository Receipt  Issued by foreign companies  Traded on US exchanges  Price based on home country price  Allows many benefits of ownership  Exposes buyer to currency risk

25.  BIDU  110.06 -0.59 (-0.53%)  Range 107.10 - 112.55  52 week 38.47 - 113.78  Open 112.09  Vol / Avg. 13.97M/14.10M  Mkt cap 38.34B  P/E 91.85  Div/yield -  EPS 1.20  Shares 348.33M  Beta 1.79 GOOG 624.27 +4.09 (0.66%) Range 622.10 - 629.92 52 week 433.63 - 629.92 Open 624.62 Vol / Avg. 3.57M/3.52M Mkt cap 199.63B P/E 25.26 Div/yield - EPS 24.71 Shares 319.78M Beta 1.21