11/8/12 Election Poll Highlights... 

• In the past week ending Wednesday, the day after the elections, the LPL Financial “Wall Street” Election Poll Index sharply reversed the move toward Republican-favored industries relative to those favored by Democrats that began following the first presidential debate.

• Our “Wall Street” Election Poll had accurately favored Democrats all year, with Democrat-favored industries outperforming by a wide margin of about 20%. In the month leading up to the election, the Republican-favored sectors finally began to outperform and erode some of the relative gains of the Democrat favored industries. The Republican-favored industries even outperformed on Election Day, as Democrat-favored industries such as Health Care Facilities and Health Care Services were the worst performing industries of the S&P 500 on Election Day. However, these Democrat-favored industries were among the best performers on the day after the election, while Republican-favored industries suffered. For example, the Republican-favored Coal and Consumable Fuels index, which had risen +26% since the first presidential debate through Election Day, fell -8% on the day after the election.

View the entire Election Poll (pdf format)
________________________________________________________________________Lincoln Savings Bank and LSB Financial are pleased to provide the above Election Poll for the week of November 8, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.

Not FDIC Insured	No Bank Guarantee	May Lose Value
Not a Deposit	Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

11/1/12 Election Poll Highlights... 

• In the past week ending Wednesday, the LPL Financial “Wall Street” Election Poll Index reflected a modest further move toward Republican favored industries relative to those favored by Democrats, a move that began following the first Presidential debate.

• Over the past week, the S&P 500 was unchanged during two days that trading was shut down due to Hurricane Sandy. During the shortened trading week, stocks moved only modestly. Most notably, Democrat-favored industries that suffered losses for the week were Home builders, Construction Materials, and Health Care Services. The Republican-favored Oil Exploration and Production industry posted the most significant gain for the week.

View the entire Election Poll (pdf format)
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Election Poll for the week of November 1, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.Not FDIC Insured, No Bank Guarantee, May Lose Value Not a Deposit, Not Insured by any Federal Government Agency Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

10/11/12 Election Poll Highlights... 

• In the past week ending Wednesday, the LPL Financial “Wall Street” Election Poll Index reflected little change relative to the impact of the first debate that resulted in a large move toward Republican-favored industries relative to those favored by Democrats.

• Over the past week, most industries in the Republican index posted solid gains. However, Democrat-favored industries posted even stronger gains over the past week, with the most sizable gains in Homebuilding and Construction Materials.

View the entire Election Poll (pdf format)
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Election Poll for the week of October 18, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.Not FDIC Insured, No Bank Guarantee, May Lose Value Not a Deposit, Not Insured by any Federal Government Agency Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

Market Commentary Highlights... 

• This week will mark five long years since the S and P 500 reached its all-time peak on October 9, 2007.

• As the S and P 500 nears the previous highs for the third time in 15 years, is the market poised to repeat the pattern and soon embark on a third long and deep multi-year slide? 

• We see four key supports that make it unlikely that stocks will follow the pattern of another multiyear trip back to the bottom of the 15-year range: earnings, dividends, valuations, and the economy.

View the entire Market Commentary (pdf format) 
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of October 8, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found here. 
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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/
Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.Not FDIC Insured, No Bank Guarantee, May Lose ValueNot a Deposit, Not Insured by any Federal Government Agency 
Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

10/11/12 Election Poll Highlights... 

• In the past week ending Wednesday, the LPL Financial “Wall Street” Election Poll Index reflected the impact of the debate and a large move toward Republican-favored industries relative to those favored by Democrats. This is the first meaningful move toward Republicans since the start of the summer before the Supreme Court upheld the Affordable Care Act.

• Over the past week, most industries in the Republican index posted gains, most notably the Coal industry, which was specifically named by presidential candidate Romney in the debate. Most Democrat-favored industries fell significantly over the past week with the most sizable declines in Home building and Health Care facilities.

View the entire Election Poll (pdf format)
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Election Poll for the week of October 11, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx
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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.Not FDIC Insured, No Bank Guarantee, May Lose Value Not a Deposit, Not Insured by any Federal Government Agency Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

09/27/12 Election Poll Highlights...

• In the past week ending Wednesday, the LPL Financial “Wall Street” Election Poll Index reflected a modest move back toward Republicans, after setting a new high for Democrat-favored industries relative to those favored by Republicans in the prior week. The market continues to increasingly reflect a status quo election outcome.
• Over the past week, the overall market fell. Most industries in both the Democrat and Republican indexes declined, but the most sizable downward moves were seen in the Democrat-favored Homebuilding and Construction related industries.

View the entire Election Poll (pdf format)
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Election Poll for the week of September 27, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.
Not FDIC Insured, No Bank Guarantee, May Lose Value
Not a Deposit, Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

09/13/12 Election Poll Highlights...

• In the past week ending Wednesday, the LPL Financial “Wall Street” Election September 13, 2012 Poll Index reflected a further move toward Democrats, setting another new high for Democrat-favored industries relative to those favored by Republicans. The market continues to increasingly reflect a status quo election outcome.
• Over the past week, the overall market rose. Most industries in both the Democrat and Republican indexes rose, but the strongest gains were seen in the Democrat-favored Homebuilding and Construction Materials industries. Republican-favored industries that saw solid gains last week were the Coal Producers and Diversified Financials.

View the entire Election Poll (pdf format)
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Lincoln Savings Bank and LSB Financial are pleased to provide the above Election Poll for the week of September 13, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.
Not FDIC Insured, No Bank Guarantee, May Lose Value
Not a Deposit, Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

Market Commentary Highlights...

•As professional investors generally have maintained an outlook for gains this year, individual investors seem to be plagued by distrust in the financial system and continue to sell stocks.
•One of the reasons investors were able to get over the scandals and shocks to the market in prior decades relatively quickly was that investors were focused more on long-term results than they are today.
•Investor time horizons have contracted from three to five years* a few decades ago to less than six months today, making short-term market moving events and volatility a bigger negative factor for individual investors.

View the entire Market Commentary (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of August 7, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found here.

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.
Not FDIC Insured, No Bank Guarantee, May Lose Value
Not a Deposit, Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

• Over the past week, the LPL Financial Current Conditions Index (CCI) rebounded to 224 from 221 last week. The CCI sustained the rebound from 205 two weeks ago. However, the index has fallen from 249 back in February, reflecting weaker growth and echoing the spring and summer soft spots of the past two years. The path of the CCI remains consistent with continued, though sluggish, economic growth in the United States.
• The growth momentum in the index has softened with the 13- and 52-week change in the index declining. The fall in the CCI had echoed the spring and summer slides of 2010 and 2011, as the economy softened and stocks fell.

View the entire Current Conditions Index (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above commentary for the week of June 21, 2012. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at http://www.mylsb.com/investments/commentary.aspx
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The LPL Financial Research Current Conditions Index is a weekly measure of the conditions that underpin our outlook for the markets and economy. The CCI provides real-time context and insight into the trends that shape our recommended actions to manage portfolios. This index has proven to be a useful tool for investment decision making.

This weekly index is not intended to be a leading index or predictive of where conditions are headed, but a coincident measure of where they are right now. We want to track the conditions in real-time to aid in investment decision making. There are thousands of indicators-some lead the economy, some lag, while others merely offer a lot of statistical noise. We chose to create our own index tailored to the current environment to provide the clearest and most useful way to track conditions. The components of the CCI are periodically changed to retune the index to those factors most critical to the markets and economy so it may continue to be a valuable investment decision-making tool.

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.
Not FDIC Insured, No Bank Guarantee, May Lose Value
Not a Deposit, Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/default.aspx

Over the past week, the LPL Financial Current Conditions Index rose to 230. The path of the CCI remains consistent with continued economic growth in the United States.

The growth momentum in the index has picked up lately with the 13-week change in the Index turning positive and the 52-week change moderating it’s contraction.

View the entire Current Conditions Index (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above commentary for the week of December 28, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. The above commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx ____________________________________________________________________________________

The LPL Financial Research Current Conditions Index is a weekly measure of the conditions that underpin our outlook for the markets and economy. The CCI provides real-time context and insight into the trends that shape our recommended actions to manage portfolios. This index has proven to be a useful tool for investment decision making.

This weekly index is not intended to be a leading index or predictive of where conditions are headed, but a coincident measure of where they are right now. We want to track the conditions in real-time to aid in investment decision making. There are thousands of indicators-some lead the economy, some lag, while others merely offer a lot of statistical noise. We chose to create our own index tailored to the current environment to provide the clearest and most useful way to track conditions. The components of the CCI are periodically changed to retune the index to those factors most critical to the markets and economy so it may continue to be a valuable investment decision-making tool.

Securities and Insurance products offered through LPL Financial and its affiliates, member FINRA / SIPC.

Not FDIC Insured	No Bank Guarantee	May Lose Value
Not a Deposit	Not Insured by any Federal Government Agency

Lincoln Savings Bank and LSB Financial are not registered broker/dealers, nor are they affiliated with LPL Financial. This site is designed for U.S. residents only. The services offered within this site are available exclusively through our U.S. Investment Representatives. LPL Financials U.S. Investment Representatives may only conduct business with residents of the states for which they are properly registered. Please note that not all of the investments and services mentioned are available in every state.

 

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/default.aspx

Market Commentary Highlights...

Until mid-December 2010, investors had been withdrawing money from U.S. stock mutual
funds while strongly favoring bonds with their investment dollars.

While one week of inflows does not necessarily reflect a new resolution by investors to buy stocks, the net selling of stocks and buying of bonds has been slowing over many weeks suggesting a gradual change in behavior that may be sustained in 2011.

Read the entire Market Commentary. (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of January 3, 2011. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. This commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. http://www.mylsb.com/

Market Commentary Highlights...

While the major headlines are out of the way, what happens in Washington during the
remainder of the year will still hold influence over the markets.

The most important item facing Congress is the looming expiration of the Bush tax cuts. We expect an extension of the tax cuts (including the dividend tax cut) will be passed before the end of the year.

Last week’s performance may be a sign that investors may begin to migrate from high-yield bonds toward high dividend-paying stocks, possibly ending the U.S. equity buyers strike.

Read the entire Market Commentary. (pdf format)

Lincoln Savings Bank and LSB Financial are pleased to provide the above Market Commentary for the week of November 8, 2010. The commentary is prepared by LPL FINANCIAL RESEARCH, the broker-dealer partner for Lincoln Savings Bank and LSB Financial. This commentary and others like it can be found at www.mylsb.com/investments/commentary.aspx

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This information is being provided by Lincoln Savings Bank (LSB) / LSB Financial, an Iowa-based institution devoted to providing complete financial services since 1902. www.mylsb.com