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	<title>JR Snell Capital Management, LLC</title>
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	<link>http://jrscm.com</link>
	<description>Independence. Objectivity. Performance.</description>
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		<title>Macroeconomics and Cheese</title>
		<link>http://jrscm.com/2010/08/26/macroeconomics-and-cheese/</link>
		<comments>http://jrscm.com/2010/08/26/macroeconomics-and-cheese/#comments</comments>
		<pubDate>Thu, 26 Aug 2010 21:41:32 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[buy and hope]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[investing strategies]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[market timing]]></category>
		<category><![CDATA[timing]]></category>
		<category><![CDATA[treasuries]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=914</guid>
		<description><![CDATA[For months and months (or maybe even a year) I&#8217;ve been banging on the table about how I expect that a decent portion of account returns for 2010 might just come from long-term (20+ years) government bonds. I anticipate that US Treasury securities will continue to be our baseline method providing the ability to persevere [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Second Quarter Client Letter</title>
		<link>http://jrscm.com/2010/07/22/second-quarter-client-letter/</link>
		<comments>http://jrscm.com/2010/07/22/second-quarter-client-letter/#comments</comments>
		<pubDate>Thu, 22 Jul 2010 18:50:16 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[investing strategies]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[timing]]></category>
		<category><![CDATA[treasuries]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=907</guid>
		<description><![CDATA[I usually write a letter to clients that we include with the quarterly performance reports that all clients receive. I believe, in light of recent market movements that this quarter&#8217;s letter might be of interest to a broader range of folks. Please contact us if you have any questions or you wish to begin our [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Long Term Outlook</title>
		<link>http://jrscm.com/2010/07/06/long-term-outlook/</link>
		<comments>http://jrscm.com/2010/07/06/long-term-outlook/#comments</comments>
		<pubDate>Tue, 06 Jul 2010 19:20:52 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[market timing]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[s&p 500]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[timing]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=902</guid>
		<description><![CDATA[If you&#8217;ve &#8220;subscribed&#8221; to get web site updates to keep one eye on the market while you do other things&#8230; this post is for you. In my post &#8220;Market Timing for Dummies&#8221; I describe a methodology that I use to help us decide if we want to be generally in, or generally out of stocks. [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Finish this sentence: &#8220;Past performance is&#8230;&#8221;</title>
		<link>http://jrscm.com/2010/06/21/finish-this-sentence-past-performance-is/</link>
		<comments>http://jrscm.com/2010/06/21/finish-this-sentence-past-performance-is/#comments</comments>
		<pubDate>Mon, 21 Jun 2010 20:05:27 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[buy and hope]]></category>
		<category><![CDATA[investing strategies]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=879</guid>
		<description><![CDATA[&#8220;&#8230;random.&#8221; Not what you were expecting?  Most folks would have finished the sentence &#8220;&#8230;not an indicator of future outcomes.&#8221; Or something similar. It&#8217;s interesting to note that nearly every investor has been so brainwashed to this statement that they don&#8217;t really &#8221;hear&#8221; it anymore. It&#8217;s in one ear and out the other and despite the warning, most [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
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		<title>Personal Benchmarking</title>
		<link>http://jrscm.com/2010/06/18/personal-benchmarking/</link>
		<comments>http://jrscm.com/2010/06/18/personal-benchmarking/#comments</comments>
		<pubDate>Fri, 18 Jun 2010 21:12:35 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[beginner]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[investing strategies]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[market timing]]></category>
		<category><![CDATA[rules]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[timing]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=867</guid>
		<description><![CDATA[The latest market meltdown has gotten folks asking me about our performance as compared to the stock market (again). But I&#8217;ve always thought a little differently about comparing our management of client accounts against various indices. (The industry calls this &#8220;benchmarking&#8221;.) I find it interesting that investors would want to compare whole portfolio returns to the stock market. It’s funny how consumers [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<item>
		<title>I Just Need a Little Sand In My Mussel</title>
		<link>http://jrscm.com/2010/05/18/i-just-need-a-little-sand-in-my-mussel/</link>
		<comments>http://jrscm.com/2010/05/18/i-just-need-a-little-sand-in-my-mussel/#comments</comments>
		<pubDate>Tue, 18 May 2010 18:35:27 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[s&p 500]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=863</guid>
		<description><![CDATA[For those of you wondering, I&#8217;m still here and still active. There are a few reasons that I haven&#8217;t written a lot here recently and a few reasons why I am ready to be a little more active poster these days. Ahh priorities&#8230; Clients always get first whack at my time. I might be on the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Picking at Your Turkey</title>
		<link>http://jrscm.com/2009/11/23/picking-at-your-turkey/</link>
		<comments>http://jrscm.com/2009/11/23/picking-at-your-turkey/#comments</comments>
		<pubDate>Mon, 23 Nov 2009 21:09:03 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[buy and hope]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[fed]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[investing]]></category>
		<category><![CDATA[investing strategies]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[strategy]]></category>
		<category><![CDATA[timing]]></category>
		<category><![CDATA[treasuries]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=609</guid>
		<description><![CDATA[Looking back over the last couple of months worth of posts, I&#8217;m thinking that it might appear that I&#8217;m a little opaque as to what areas of what markets you should be focusing on. I&#8217;m not, so I&#8217;ll clear things up before I go AWOL for the week. First, understand that anything can happen over the [...]]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Revisionism Anyone?</title>
		<link>http://jrscm.com/2009/11/20/revisionism-anyone/</link>
		<comments>http://jrscm.com/2009/11/20/revisionism-anyone/#comments</comments>
		<pubDate>Fri, 20 Nov 2009 08:39:06 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[fed]]></category>
		<category><![CDATA[geithner]]></category>
		<category><![CDATA[politics]]></category>
		<category><![CDATA[rescue]]></category>
		<category><![CDATA[treasuries]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=598</guid>
		<description><![CDATA[Yesterday (11/19/09) on Capital Hill, Rep. Kevin Brady R-Texas got into a little a little &#8220;tiff&#8221; with Timothy Geithner (Treasury Secretary) during a Joint Economic Committee hearing. It seems that Rep. Brady rankled Mr. Geithner a bit by insisting that he resign, blaming him for rising unemployment, growing federal deficits and accounting flaws in the [...]]]></description>
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		<slash:comments>0</slash:comments>
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		<title>I Was Wrong</title>
		<link>http://jrscm.com/2009/10/30/i-was-wrong/</link>
		<comments>http://jrscm.com/2009/10/30/i-was-wrong/#comments</comments>
		<pubDate>Fri, 30 Oct 2009 07:01:38 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[bailout]]></category>
		<category><![CDATA[credit crisis]]></category>
		<category><![CDATA[fed]]></category>
		<category><![CDATA[investing strategies]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[markets]]></category>
		<category><![CDATA[treasuries]]></category>
		<category><![CDATA[treasury]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=516</guid>
		<description><![CDATA[I was just reviewing and reorganizing my &#8220;&#8230;for further study&#8221; page and I tripped upon this quote. I had to post it again because I am still baffled and befuddled by what this means. Maybe what it means is what he says? Is it even reasonable to postulate that our current economic conundrum is the simple result [...]]]></description>
		<wfw:commentRss>http://jrscm.com/2009/10/30/i-was-wrong/feed/</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Utility Stocks: Ain&#8217;t Misbehavin&#8217;?</title>
		<link>http://jrscm.com/2009/10/19/utility-stocks-aint-misbehavin/</link>
		<comments>http://jrscm.com/2009/10/19/utility-stocks-aint-misbehavin/#comments</comments>
		<pubDate>Mon, 19 Oct 2009 19:49:35 +0000</pubDate>
		<dc:creator>Jeff Snell</dc:creator>
				<category><![CDATA[Web Site Posts and Updates]]></category>
		<category><![CDATA[deflation]]></category>
		<category><![CDATA[interest rates]]></category>
		<category><![CDATA[investments]]></category>
		<category><![CDATA[Market Comments]]></category>
		<category><![CDATA[s&p 500]]></category>
		<category><![CDATA[safety]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://jrscm.com/?p=443</guid>
		<description><![CDATA[Utility Stocks (as a group) have forsaken me this year by advancing only about one-fifth of the amount of the S&#38;P 500&#8230; which can act as a real short-term boat anchor in your portfolio if you own any quantity at all. Yet, my passion for the sometimes stodgy &#8220;dividend machines&#8221; still burns hot. Why?  First, there&#8217;s the cash [...]]]></description>
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		<slash:comments>0</slash:comments>
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