Holy Land Update

Since starting our position in Israel on December 1, 2009, Israel has gained 12.5%. The S&P 500 gained 6.4% over the same time period. We added to our position on January 21, 2009 and posted about Israel the next day on the blog. Since Jan. 21 Israel is up 8% compared to 7.8% for the S&P 500. We are still bullish on Israel in the upcoming months.