Forward Investment Services - September 19th 2011 : Article: September 19th 2011

Market Commentary – September 19, 2011

Executive Summary

AllianceBernstein – The Evolving Threat of Greek Default

In the attached article entitled, "The Evolving Threat of Greek Default", the AllianceBernstein team shares its perspectives on Greece: the challenges it faces, the possibility of a default and the potential for contagion.

This piece contains commentary areas on:

The macroeconomic perspective

The potential for contagion

Portfolio actions: Avoiding the "Eye of the storm"

Balancing opportunities with risk

The team conveys its goal of balancing near-term risk with considerable long-term opportunities and shares detail on how they have positioned their portfolios accordingly.

The information is compiled by Cetera Financial Group. No independent analysis has been performed and the material should not be construed as investment advice. Investment decisions should not be based on this material since the information contained here is a singular news update, and prudent investment decisions require the analysis of a much broader collection of facts and context. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. All economic and performance information is historical and not indicative of future results. Investors cannot invest directly in indices. Please consult your financial advisor for more information.

While diversification may help reduce volatility and risk, it does not guarantee future performance.

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