Protect...Grow...Repeat

Market & Economic Brief

Summer 2010

GLOBAL STOCKS
Stocks generally ended the first half of 2010 under pressure. The S&P 500 was down -7.5% and the MSCI Developed Country index declined -15.8%. Q2 earnings reports are expected to be strong but forward guidance is less certain. Leading companies held up surprisingly well as markets sold off.

WORLD ECONOMY
Leading economic leading indicators produced by ECRI continue to signal a slowdown in the U.S. economy but will need to deteriorate further before signaling another recession.

INFLATION DATA
Broad inflation pressure appears to be contained and interest rates remain very low.

U.S. RESIDENTIAL HOUSING
After a pick-up earlier in the year, home sales appear to have slowed after the expiration of the home buyer credit at the end of April in most U.S. markets.

PLANNING
New conversion rules for ROTH IRA's in 2010 may present a unique planning opportunity.

Potential tax changes in 2011 are reason to review tax strategy in 2010.

Dightman Capital Group Performance

June 30, 2010
Separately Managed Accounts
Performance Results

DCG Managed Strategies	Last Three Months	One Year	Two Years	Since Inception
DCG Aggressive Strategy	-2.28	10.73	12.77	11.62
Aggressive Benchmark	-8.19	13.76	-8.39	-12.94
DCG Moderate Strategy	-2.21	8.82	10.66	8.82
Moderate Benchmark	-5.80	13.18	-3.11	-7.02
DCG Conservative Strategy	-1.62	8.40	17.90	15.54
Conservative Benchmark	-3.23	12.47	2.52	-0.61
Market Indices
S&P 500 Total Return	-11.43	14.43	-15.57	-20.88
Barclays Aggregate Bond Index	3.73	10.19	17.36	16.67

Since Inception Date: January 31st, 2008. Performance of the Dightman Capital investment strategies are based on actual returns, net of all fees and expenses for the periods reported. Composite performance results are reported in U.S. Dollars. Past performance does not guarantee future results. Investments and the income derived from them fluctuate both up and down. Investments at Dightman Capital are subject to risks and any of our strategies may lose money. This presentation is for informational purposes only and is neither an offer to sell nor a solicitation of an offer to buy any securities. Opinions expressed are current opinions as of the date appearing in this material only and subject to change without notification.

Important Disclosure about Composite Results: Composite returns are time-weighted, asset-weighted and total returns assume reinvestment of all dividends and distributions. Accounts in each composite are fully discretionary accounts and are custodied at Fidelity Investments. Accounts that are included in composites do not utilize leverage but investments that are held in composites may employ leverage and hedging strategies. Other details on composite performance regarding firm definition, firm assets, fee schedule, and minimum account size for composite inclusion may be requested directly from Dightman Capital.

Investment strategies at Dightman Capital involve adaptive asset allocation and emphasize risk management. The strategies may overweight fixed income and money market securities during adverse market environments. The strategies may hold core positions to maintain market exposure.

Benchmarks or other measures of relative market performance over a specified time period are provided for informational purposes only. Dightman Capital does not manage any strategy toward a specific benchmark index. Benchmark index information is provided to demonstrate how stock and bond markets generally performed during the same period. They do not imply Dightman Capital will achieve returns, volatility, or other performance measurements similar to the benchmarks. Benchmark composition may not reflect the manner in which Dightman Capital portfolios are constructed relative to expected or achieved returns, volatility, holdings, investment guidelines, restrictions, sectors, correlations, concentrations, or tracking error targets, all of which are subject to change.

The benchmarks for Dightman Capital investment strategies are the S&P 500 Total Return Index (SP500TR) and the Barclays Aggregate Bond Index (BAB). A blended benchmark was chosen for each of the strategies as follows: Aggressive Strategy - 78% SP500TR and 22% BAB, Moderate Strategy - 62% SP500TR and 38% BAB, Conservative Strategy - 45% SP500TR and 55% BAB. The volatility of the benchmark indices may be materially different from the individual performance attained by a specific investor. In addition, Advisor’s/Strategy’s holdings may differ significantly from the securities that comprise the indices.

A variety of sources we consider reliable have provided information for this presentation but we do not represent that the information is accurate or complete. Dightman Capital Group does not provide tax advice to its clients. Investors are strongly encouraged to discuss any potential investment with their tax advisors. The material provided herein is for informational purposes only. Data Sources: IDC, Dightman Capital