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Six Years Since the Crisis

Today marks the 6th anniversary of the bull market that began on March 9, 2009. Spectacular gains have been had in some risky asset classes. Even safe-haven asset classes like Treasury Bonds and Gold have posted decent returns. The same cannot be said for cash, where record low interest rates have led to de minimis returns. The results bring to mind Mr. Buffets famous maxim: Be greedy when others are fearful.3.9.15

DISCLAIMER: Past performance does not predict future results. This report is based on data obtained from sources we believe to be reliable. Hefren-Tillotson does not, nor any other party, guarantee the accuracy or completeness of this report or make any warranties regarding results obtained from its usage. All opinions and estimates included in this report constitute the firms judgment as of the date of this report and are subject to change without notice. This report is for informational purposes only and is not intended as an offer or solicitation to buy or sell the securities herein mentioned.

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