What's New? Feddern Financial Consulting Group TODAY'S NEWS:

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1 Subject: Feddern Financial Consulting Group Newsletter What's New? Feddern Financial Consulting Group TODAY'S NEWS: Did you know the market on average goes down at least 10% once every 11 months, falls at least 15% every two years, and crashes 20% or more every four years? It's true. And with the S&P 500 around 190% higher than it was in March of there might not ever be a better time to talk about "the playbook" for a maturing bull market like this one In this issue TODAY'S 401-k Asset Allocation Changes. The Biggest Financial Heist in History AAII/LUG's Group Info

2 ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ TODAY'S 401-k Asset Allocation Changes PLAN NAME BUY SELL LINK TO DETAILS and the Five Profiles FFCG-Ultimate: Anderson Law Nationwide: Ahead HR srvex,leifx samsx,vseax rpfgx, Socially Responsible: delpx OneAmerica: VISIT OUR WEBSITE FOR SPECIFIC ASSET ALLOCATION RECOMMENDATIONS We have added several new sets of indicators from NetSignal, VectorVest, and our 20-day Moving Average of the S&P 500 which are used for the broad markets and give a general indicators of BUY or SELL The following market signal changes were issued by NetSignal as of: US STOCKS - Bull (10/21/2014) FOREIGN STOCKS- BULL (10/21/2014) EMERGING MARKETS - SELL ( ) GOLD - SELL ( )

3 --- The following market signal changes were issued by VectorVest as of: Stock Market Call - SELL: ( ) The "Holy Grail" is in Cash as of the above date. We run the algorithms every Friday and make any changes the following MONDAY % YTD ( ) The following market signal changes were issued by our LONG/SHORT S&P 500 as of Market Call - Based on the 20-day moving average of the S&P Spyders: SSO/ULPIX are LONG the S&P x2 SDS/URPIX are SHORT the S&P x2 As of this strategy has been added to and is available for all participants in our FFCG "Ultimate 401-k" platform custodied at Lincoln Trust BUY SSO (Long) $ $122.18= 7.01% in 14 days

4 Bruce's Comment: The Bulls are still taking a break. Will the Bears take over? Will the election? Will the jobs report (on Friday)? Time will tell The Biggest Financial Heist in History By: Bill Bonner If Mr. Market is afraid, he is putting on a brave face. The Fed's QE ended on Wednesday. On Thursday, the Dow rose 221 points. This is good news for Janet Yellen. She must think she has made a clean getaway. She has fled the scene of the biggest financial heist in history with no cops in sight. They're not even aware a crime has been committed! This grand larceny involved $3.6 trillion. Counterfeit - every dollar of it. Not a penny of it was ever honestly earned or earnestly saved... or dug out of the dirt and turned into coins.

5 No... We're talking about the crime of the century... committed in broad daylight... with millions of witnesses. But hardly a single soul understood what was going on. We begin by asking: How many TVs, luxury apartments, spaghetti dinners and parking places are there? Answer: We have no idea. But it's not an infinite number. And every one of them has a price. Who gets them? The people with the money. Next question: Who has the money? We don't know that either. But the Fed fabricated $3.6 trillion over the last five years... and every penny ended up in someone's hands. Follow the money. You will find out what happened. The Great Deformation On our desk are two great books. One is David Stockman's The Great Deformation. The other is Vivek Kaul's Easy Money. Both describe the same phenomenon but from different points of view. Stockman was present at the creation, so to speak. He was President Reagan's budget director when the Republican Party ran off the rails and veered sharply toward deficits and activism. Stockman fought hard to stop it, battling Dick Cheney and the neocons, and he lost. He wrote a book about the wreck, The Triumph of Politics. The title tells the tale. Politics won out over sound fiscal principles. "Deficits don't matter," said Cheney. Which means debt doesn't matter. And if debt doesn't matter, what kind of world do we live in? But thenceforth, neither Republican nor Democratic administrations stood in the way of the great credit bubble. Stockman was soon out of a job on Capitol Hill. He went to Wall Street, where he witnessed, firsthand, the other side of the Great Deformation. With an almost infinite amount of credit to work with, Wall Street quickly rose to the challenge. It peddled debt to everyone - governments, corporations and households. Americans took the bait. From President Reagan's first inauguration until 2014, they spent, on average, about $1 trillion more a year than they earned. Their lifestyles - and Wall Street's earnings - came to depend on it. From about 10% of total corporate earnings in the 1960s and 1970s, Wall Street's share rose to 40% by And bonuses rose into the millions... as hedge fund managers and bankers pushed the old industrial tycoons out of their stately Greenwich, Connecticut, homes.

6 Stockman knows the story intimately. He lived it. He tells it in detail in his book. About which more anon... Numskulls and Knaves Let's turn to Kaul... We met him in India. He is a writer with a deep knowledge of and keen interest in political economy. In his book, he generously credits our visit with having "opened up a whole new world" to him. This is a reflection more on the world he lived in than on our ability to open it up. Kaul - a literate, intelligent commentator for India's largest economic journals - was unaware that there was another way to understand what was going on. We take it for granted that the financial authorities - in practically every major economy save Deutschland - are either numskulls or knaves... and probably both. We have been observing their handiwork... poking at it... turning it over with a stick... and beating on it for 15 years. We forget that most people really have no idea how it works. And why should they? Central bank monetary policy is as mysterious as the virgin birth or the exact chemical formula for Spam, as far as they are concerned. Kaul takes a longer and broader view of how it all came about. The feds - led by those in the US - have created an immense bubble, with total worldwide debt now over $100 trillion. This was not done overnight. It was more than 30 years ago when the US federal government began running deficits year after year. It was almost 50 years ago that the dollar's golden anchor was given the heave-ho, leaving the world to float on a sea of paper money. And it was 65 years since the top of the last bond bull market. These trends - so long, so deep and so pervasive - have convinced most people that our financial world is "normal." Won't they be surprised when they find out how strange and transitory it really is! "Various experts have come up with various reasons behind the financial crisis," writes Kaul. "Some feel the crisis was because Wall Street was greedy. But then the question to ask is: When was Wall Street not greedy? And given this, why didn't financial crises happen all the time?" They didn't happen all the time because never before in the history of man have the entire world's finances been so distorted by debt. Debt is what Wall Street sold. Debt is what Washington wanted. And debt is how the elite transferred wealth from the public to themselves. Janet Yellen et al transferred $3.6 trillion from the public (where else could it come from?) to a very special elite: holders of financial assets. They are richer. The public is poorer. And it looks as though she has gotten away with it.

7 But the crisis of was not the end of the debt bubble story. It was the beginning. AAII Group Info ============================ AAII will Meet on THURSDAY at 6:00 PM at the AUDUBON CC The Audubon Country Club is conveniently located off Preston Highway, approximately one mile South of Eastern Parkway in Audubon Park on the left. After entering Audubon Park, take the first right and go all of the way to the end and you will be at the entrance to the Club. Parking is very convenient. Since this meeting is sponsored by the Louisville Chapter of the American Association of Individual Investors, you are always asked to preregister by to attend this program, in order for the country club to provide appropriate seating arrangements. Also, indicate if you plan to have dinner. Please confirm your attendance by to There is a charge for attending the meeting of $10 to help defray some of our expenses And this is not a "prospecting seminar" conducted by a financial services firm selling financial products, and your addresses will remain private and protected. You are also certainly invited to participate in the buffet which is an additional $15 (which makes the total $25 for the meeting AND the dinner.) NOV 20, PM TENTATIVE Agenda: All portfolios updated as of S&P LONG/SHORT - Bruce Richards UPDATE: A New Dividend Portfolio from the Highest Yielding Stocks in the DOW - REVISED Harry Dent's Latest Market Forecast and the WORST INVESMENT Larry Edelson's latest Emergency Briefing UPDATE: A diversified Portfolio of GOLD and Gold Miners UPDATE: A New Portfolio of REITS 19 Stock and Bond Indicators to Help You Determine "Where We Are" You don't need to be a member of AAII to attend this meeting

8 DINNER: $25 MEETING ONLY: $10 Reservations Requested and Appreciated =================================================================== Louisville Users Group (LUGS) Info ============================ The next LUGS Will Meet on SATURDAY - NOV 22-10:00 AM FREE - No Reservations needed NOV 22, :00 AM TENTATIVE AGENDA: How to mitigate the Downside risk in your portfolio while participating in the Upside o S&P LONG/SHORT - Revised o A New Dividend Portfolio from the Highest Yielding Stocks in the DOW - REVISED o A New Portfolio of Oil-related Stocks for 2015 o A NEW Portfolio of REITS o A NEW Portfolio of GOLD ETFs and MINERS. o 19 Stock and Bond Indicators to Help You Determine "Where We Are" o The "Holy Grail" Stock Portfolio Using VectorVest Rules - UPDATED All portfolios will be updated as of 9/30/2014 MY Conference Room Coffee and rolls provided FEDDERN FINANCIAL CONSULTING GROUP 603 North Shore Drive - Suite 102 Jeffersonville, IN (502) Office (502) Otto Cell

9 Quick Links... Visit our Website Otto G. Feddern Feddern Financial Consulting Group 603 North Shore Drive Suite 102 Jeffersonville, IN (502) Office (502) Cell Forward This was sent to by Update Profile/ Address Rapid removal with SafeUnsubscribe Privacy Policy. Feddern Financial Consulting Group 603 north shore drive suite 102 jeffersonville IN 47130