Sector Plays

Fund Name	Ticker
Consumer Discretionary SPDR	XLY
Consumer Staples Select Sector SPDR	XLP
DIAMONDS Trust, Series 1	DIA
Energy Select Sector SPDR	XLE
Fidelity Commonwealth Trust	ONEQ
Financial Select Sector SPDR	XLF
Health Care Select Sect SPDR	XLV
Industrial Select Sector SPDR	XLI
iShares Cohen & Steers Realty Majors	ICF
iShares Dow Jones Select Dividend Index	DVY
iShares Dow Jones Transportation Average	IYT
iShares Dow Jones US Basic Materials	IYM
iShares Dow Jones US Cons Non-Cycl	IYK
iShares Dow Jones US Consumer Cycl	IYC
iShares Dow Jones US Energy	IYE
iShares Dow Jones US Financial Sector	IYF
iShares Dow Jones US Financial Svcs	IYG
iShares Dow Jones US Healthcare	IYH
iShares Dow Jones US Industrial	IYJ
iShares Dow Jones US Real Estate	IYR
iShares Dow Jones US Technology	IYW
iShares Dow Jones US Telecom	IYZ
iShares Dow Jones US Total Market Ind	IYY
iShares Dow Jones US Utilities	IDU
iShares Goldman Sachs Natural Resourc	IGE
iShares Goldman Sachs Networking	IGN
iShares Goldman Sachs Semiconductor	IGW
iShares Goldman Sachs Software Index	IGV
iShares Goldman Sachs Technology Indx	IGM
iShares GS $ InvestTop Corp Bond	LQD
iShares Lehman 1-3 Year Treasury Bond	SHY
iShares Lehman 20+ Year Treas Bond	TLT
iShares Lehman 7-10 Year Treasury	IEF
iShares Lehman Aggregate Bond	AGG
iShares Lehman TIPS Bond	TIP

Looking Ahead: October 29 through November 2, 2007

Central Bank activities
October 30,31	United States	FOMC Meeting
October 31	Japan	Bank of Japan Monetary Policy Meeting
The following indicators will be released this week...
Europe
October 30	Germany	Retail Sales (September)
		Unemployment (October)
	France	Unemployment (September)
	Italy	Producer Price Index (September)
October 31	EMU	Unemployment (September)
		Harmonized Index of Consumer Prices (October, flash)
	EU	Consumer and Business Confidence (October)
	France	Producer Price Index (September)
Asia/Pacific
October 29	Japan	Retail Sales (September)
October 30	Japan	Household Spending (September)
		Employment, Unemployment (September)
November 1	Australia	Retail Sales (September)
		Merchandise Trade Balance (September)
Americas
October 30	Canada	Industrial Product Price Index (September)
		Raw Materials Price Index (September)
October 31	Canada	Monthly Gross Domestic Product (August)
November 2	Canada	Employment Report (October)

Inverse Index Funds

Leveraged Inverse (Short) Sector ETFs
ProShares UltraShort Basic Materials (SMN)
ProShares UltraShort Consumer Goods (SZK)
ProShares UltraShort Consumer Services (SCC)
ProShares UltraShort Financials (SKF)
ProShares UltraShort Health Care (RXD)
ProShares UltraShort Industrials (SIJ)
ProShares UltraShort Oil & Gas (DUG)
ProShares UltraShort Real Estate (SRS)
ProShares UltraShort Semiconductors (SSG)
ProShares UltraShort Technology (REW)
ProShares UltraShort Utilities (SDP)

• Short FTSE/Xinhua China 25 (YXI): Linked to the FTSE/Xinhua China 25 Index
• Short Real Estate (REK): Linked to the Dow Jones U.S. Real Estate Index
• Short Basic Materials (SBM): Linked to the Dow Jones U.S. Basic Materials Index

Basic interest rates
Country	Rate	Current	Last change	Next Meeting
USA (Fed)	Federal funds rate	5.25%	29.06.06 +0.25%	27.06.07
EU (ECB)	Refinancing tender	3.75%	14.03.07 +0.25%	6.06.07
UK (BoE)	Repo rate	5.25%	11.01.07 +0.25%	6.07.07
Switzerland (SNB)	3 month LIBOR range	1.50%-2.50%	14.12.06 +0.25%	20.06.07
Canada (BoC)	Overnight rate target	4.25%	24.05.06 +0.25%	29.05.07
Australia (RBA)	Cash rate	6.25%	08.11.06 +0.25%	06.06.07
New Zealand (RBNZ)	Official cash rate	7.25%	08.12.05 +0.25%	26.07.07
Japan (BoJ)	Discount rate	0.50%	21.02.06 +0.25%	17.06.07

BOJ Schedule

July 3 Tankan survey

July 14 BOJ
Aug 11 BOJ

"Core consumer prices, which exclude fresh food, climbed 0.6 percent in May from a year earlier, gaining for a seventh month, the statistics bureau said today in Tokyo. The result was in line with economists' forecasts...

Governor Fukui said on June 20 that the central bank needs to adjust interest rates from near zero ``without delay, little by little'' as the economy keeps expanding and prices continue to rise..." - Bloomberg News June 30th, 2006

Past corrections

from BCA

day 23

according to Jeff Saut.