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The PAD System Report is based on the Patience and Discipline (PAD) stock-selection and long-term timing system documented in Seiver's book Outsmarting Wall Street (Probus/McGraw-Hill). For the 15-year period 1989-2004, the Hulbert Financial Digest reports that our Model Portfolio-C outperformed the Wilshire 5000 on a risk-adjusted basis. The report also includes expert commentary on the economy and economic policy, and their long-term effects on the stock market.

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