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General Meeting #9

General Meeting #9. November 1, 2011. Agenda. Question of the Day Market Overview Portfolio Overview Economic Facts and Fallacies Team Stock Pitch Membership Voting Announcements. Market Overview. World Market Overview. U.S. Market Overview. S&P 500 Snapshot. Market Overview.

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General Meeting #9

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  1. General Meeting #9 November 1, 2011

  2. Agenda • Question of the Day • Market Overview • Portfolio Overview • Economic Facts and Fallacies • Team Stock Pitch • Membership Voting • Announcements

  3. Market Overview

  4. World Market Overview

  5. U.S. Market Overview

  6. S&P 500 Snapshot

  7. Market Overview • U.S. Markets • Greece…wtf are you doing? • Prime Minister stuns world by calling for a referendum • The first since 1974 when Greece chose to abolish Monarchy • Can be called if proposed by cabinet and approved by majority in the 300-member parliament • Likely to be held in January • Many in parliament opposed this measure • Greece: “Suck it Eurozone.” • EU Bailout Saga

  8. Portfolio Overview

  9. Economic F&F “The result is nations withouta social fabricor sense of national unity. Huge concentrations of wealth corrode the soul of any nation.“ “The top 1 percent of American households own 34 percent of America’s private net worth.” • “If you want to see rapaciousincome inequality, you no longer need to visit a banana republic. You can just look around.” • “I’m appalled by our growing wealth gaps because in my travels I see what happens in dysfunctional countries where the rich just don’t care about those below the decks.” • Income Stratification?

  10. Economic F&F • 77% of the wealthiest fifth work full time vs. 17% • Wealthiest fifth has nearly 5x more income earners • 75% of wealthiest fifth in prime income yrs vs. 43% • Homogamous marriages lead to concentration

  11. Economic F&F • 2.8 billion people earn less that $2 / day • Bottom 1% of US make more than 97% of India • 60% of income variability determined at birth • Of the American ‘poor’: • 99% have electricity, running water, toilets, refrigerators • 95% have a television • 88% have a telephone • 71% have a car • 70% have air conditioning • Top 1%: $343,900 • Top 5%: $154,600 • Top 10%: $112,100 • Top 25%: $66,100 • Top 50%: $32,300 • U.S. Occupy Wall St. • Top 1%: $34,000 • Top 10%: $12,000 • Top 20%: $5,000 • Top 50%: $1,225 • Top 0.1%: $70,000 • World Occupy Wall St.

  12. Economic F&F Should Capital Gains Taxes Be Increased? • The top 1% of America pays more taxes than the bottom 95% combined • In order to offset a ballooning federal budget deficit, is it necessary to hike taxes on wealthy? • What effect to tax rates have on tax revenues?

  13. Stock Pitch

  14. Membership Voting • Is this stock investment grade?

  15. BofAML Presentation • AT&T Executive Center, Room 103 • Company representatives from the following divisions: • Investment Banking • Capital Markets (Sales & Trading) • Commodities Trading • Food and beverages provided • Business casual required, professional recommended • Wednesday, November 9th, 7:00 – 9:00 PM

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