Why Today's Crisis Will Not Dethrone This Hegemon - Using the Prison Notebooks to Interpret Popular Dissent

7/29/2019 Why Today's Crisis Will Not Dethrone This Hegemon - Using the Prison Notebooks to Interpret Popular Dissent

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Why Today's Crisis Will Not Dethrone This Hegemon:

Using The Prison Notebooks To Interpret Popular Dissent

by

Aland Arseneault

ATLIS 2011-2012 Conference 4 January 2012 Final Submission


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The world today is recovering from a financial crisis which has shaken market confidence

and many of the social relations which engender it. 'The world' is a contentious descriptor today.

Assessing the state of recovery is difficult because it demands a viewpoint. Even the viewpoint of

the hegemon - ostensibly the state/actors which rules the United States of America, Japan, the

United Kingdom, Germany et al - has become obfuscated and blurred. The popular critique of the

recovery notes the quality of the jobs recovered in the economy. This critique also elicits questions

regarding the real wages of the worker. It seeks a redress of the issues regarding the rate of

profitability in developed, versus developing, markets and is very sceptical of the large outstanding

debts/deficits of the developed governments. The popular critique is also quick to highlight the

personal debts of civil society and that this crisis has also taken on a political aspect. Insecurity in

the system of international finance and rising price of food and has made revolutions in the Middle

East and Africa possible. The implication of this critique is that the confusion, the detached frame of

reference, the breakdown of social relations, the violence, and specifically the effects on production

should all signify the collapse of the hegemon. Arguably this is not the case.

The hegemonic state has been injured, and this paper will not argue that point. The argument

herein is a Gramscian analysis and instead focuses on the fact that the other necessary conditions for

dethroning the hegemonic order do not exist; or, more specifically, do not exist in such a sufficient

capacity that they present a true counter-hegemonic impulse. This is important to note because it


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means several events and new conditions must necessarily result. This paper will establish these

conditions and the primacy of the existing hegemon within them. The contention that this paper

opposes states a decline. A decline naturally grants the assumption that there was once a superior

position. The reasoned response attempted here does not seek to name all potential contenders of a

new hegemonic order and discredit their claim. This response instead seeks to reassert that now

discarded superior position and question the specifics of how the superior position of the hegemon

can, and should, be discarded. With the primacy of the hegemon re-established the reader should

deduce that the current challenges laid before the hegemon are in fact not a counter-hegemonic

impulse.

First; it is important to understand the nature of the hegemonic state. This understanding

requires drawing from Antonio Gramsci'sPrison Notebooks directly, utilizing what he called the

Philosophy of Praxis, and then extrapolating onto the world as a whole. To illustrate this consider

the premier state of the hegemon. Understand that the American state is more than just the

government that administers to American laws. The American state is an ideal or concept that is

individualized to each person by their particular material existence. Anglo-Saxon descendents of

British first wave colonizers, the descendents of Germanic second wave colonizers, and the

descendents of African slaves can all claim allegiance to an American state while the descendent of

a Cherokee living on a reservation might reject it. For the same reason a European might conceive

of America as a brash but stalwart ally an Iranian might see them as a posturing imperialist. As the

hegemon the American state solicits a relationship with nearly every other entity on the planet.

Being the centre of this nebula of social relationships grants the American state a position of

privilege and power. This is the nature of American hegemony.

This analogy, while illuminating, is very simplistic. These base categorizations of hegemony

are necessary to begin a discourse, but discrete distinctions are disingenuous to understanding the

tension between material and socially constructed power. Within American society there can exist

Anglo-Saxon people who have adopted differing ideological leanings. Traditionally Marxist writing


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has relegated these ideological distinctions to the mythology of a society. The more traditional

analysis typically dealt with the distinctions between the bourgeoisie and proletariat classes. This

difference is important because it refers back to the global hegemon, and to identities which

transcend the national level (Gramsci SPN 196-197). The current financial crisis today should not

be understood in this dichotomy but as a more complex dialectic, and this paper deals with the

tension within the bourgeois class itself. In the advanced economic system of today even the ruling

class finds division within itself. In his article published in the summer of 2010 Bresser-Pereira

expands on the dissension between the Schumpeter style entrepreneur and the capitalist rentier.

More simply; the difference between the bonus collecting executive of a company and the major

shareholders.

The fractions within a social class become important because of the way Gramsci suggested

hegemony is maintained (Gramsci FSPN 64 and Gramsci FSPN 410-418). This maintenance is

addressed more directly later in the paper, but requires an understanding of negotiated consent.

Negotiating consent means co-opting elements of each class. This negotiation requires granting

certain privileges and power from the ruling class onto the masses. This privilege and power creates

real distinctions between members of the same class and is the basis of the term fraction. Bresser-

Pereira provides a very good synopsis of what he believes to be two distinct forms of capitalism.

First is the period known as 30 Glorious Years, the golden age of capitalism, or the Fordist mode

of production. This is generally accepted as the period between 1948 to 1977. The second period is

not quite as well defined but sees the rise of the 'neo' movement. Neo-Liberalism, or neo-

Conservatism in the United States, should be seen as the more political facet of neo-Classical

economics. These philosophies are very complimentary because they represent a new hegemonic

state which swept out the older model (Bresser-Pereira 503-505).

This paper differs from Bresser-Pereira's conclusion that this power shift marked a new

hegemonic order. Bresser-Pereira seems to adopt a more neo-Gramscian view of the government.

That is to say he expects the government to be an arbiter of the other institutions assuming the


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proper ruling class grants the appropriate situational knowledge. This differs from a more traditional

reading of the Philosophy of Praxis which sees the government as just another cultural institution to

be captured. In fact Gramsci even goes so far as to proclaim that the laws of government are

illusory. (Gramsci FSPN 415-416) The more traditional view of this paper demands a war of

movement which dethrones the old hegemony by significantly altering the ruling class' relationship

to the modes of production. A power shift, or more specifically a renegotiation of consensus,

regarding the quantity of privilege does not qualify. This holds doubly true for a capitalistic

hegemony, given the volatile nature of the system.

The 'neo' philosophies also saw major changes in institutional relations the very avenues

through which power flows. The more regulated capitalism of Breton Woods, the gold standard, and

regulated trading were done away with. Liberalization of international finance happened because of

a power shift in the hegemonic state. One of the privileges previously granted onto organized labour

was that of a living wage. From the perspective of the bourgeoisie, falling rates of profitability

needed to be addressed and this highly competitive class began to agitate. Wealth was leaking from

the Bourgeoisie but the source of the leak was contentious. The rentiers still wanted their returns

and the entrepreneurs still wanted their bonuses. The bourgeois impulse is, and was, to push down

wages and this illustrated a class distinction, illuminated the social fraction. The entrepreneur

understood full well that in the complexities of the contemporary economy the rentier was lost. The

production of wealth was their domain. The entrepreneur found that they had become an essential

part of the new modes of production, and leveraged that against the desire to push wages down. The

neo-Liberal state was created from fictitious wealth. A new compromise within the state saw the

concerns of both bourgeois fractions addressed, at the cost of greater instability and risk. It is under

this new order that the world saw the liberalization of financial markets, the deregulation of

commodities, and the rise of market speculation (Bresser-Pereira 503-505 and Post-Hegemony 98).

With this understanding of the state it should now be easier to perceive the current situation

of the hegemon. It is, however, important to note that while predominately American, the neo-


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Liberal school does have significant sway in other nations. The foremost example of such is the

neo-Liberal agenda in United Kingdom and Germany. The hegemon should be understood as a sort

of transnational capitalism with an American flavour. Dethroning the hegemonic order then does

not mean removing the American state from its position of preeminence, it means dislodging the

ruling class. To understand this consider the more traditional Westphalian inspired definition of the

hegemon. Moving the centre of power from London to Washington, New York City, and Los

Angeles marked a fall from grace for the United Kingdom but it was merely a stumbling block for

transnational capitalism (Evans 284).

The immanent conditions of a challenge to the hegemonic order require a second a priori

understanding, this will be addressed below in the paragraphs on historic blocs. That many scholars

and commentators the world over have begun to herald such a challenge either to the prevailing

order or to the United States itself, does however indicate that the hegemon is ripe for such a

challenge. If the hegemony had weathered the financial crisis completely intact the question would

have been excluded from the mainstream media. That it has not been excluded suggests that

significant numbers of social fractions outside of the hegemony have wrested some power. Like

rectangles and squares however, being susceptible to a challenge and being in a position to lose a

challenge are different. The latter requires the former, but the former does not necessitate the latter.

Gramsci noted that culture, and indeed common sense, are defined by the hegemonic group

(Gramsci FSPN 415-416). If the world order is being questioned by culturally important institutions

it suggests that this dominance is being threatened. A discord in popular discourse is worrying to the

status quo of the hegemon because it signifies one of two things: either the hegemon is losing

control of an excluded social fraction, or a new historic bloc is forming to oppose them. If a new

historic bloc is indeed forming then a counter-hegemonic impulse is afoot.

To understand why forming a new historic bloc is immanent to a true counter-hegemonic

impulse requires understanding historic blocs. In the structure of the Philosophy of Praxis the

historic bloc is subordinate to hegemony. That is to say the metaphysical construction or theoretical


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grounding of hegemony requires the historic bloc. Gramsci observed that the ruling class wielded a

power far beyond what their own social base should have been able to provide. The concept of

cultural hegemony was incomplete if it could not account for this. This account begins with the

understanding that the ruling class cannot maintain power through coercion alone. If this is

understood to be true then a method of soliciting support from the other classes was in operation

(Gramsci SPN 246-247 and Gramsci FSPN 156-157).

Gramsci named these methods institutions. An institution is to be understood as nearly any

human association. A newspaper, a church of a given faith, or a political party can be an institution.

In fact what society today understands to be culture in general falls into this category.

To reference the international financial crisis it is important to note that organizations like

the International Monetary Fund (IMF) would function as an organic international institution. The

qualifier 'organic' is applicable to an institution when it serves certain functions in the hegemonic

order; it must propagate the norms of that order, absorb the counter-hegemonic impulse, and co-opt

members of the exploited class (Gramsci FSPN 18-20). For example, this co-opting at the domestic

level could be accomplished by a trade union which promoted members of the working class into

middle management positions. At the international level it can be observed as the intellectuals

indigenous to developing countries joining international bodies. What this means is that the

hegemony is maintained even in countries which do not benefit from its continued existence

because those countries have lost their intellectual class to these institutions. These intellectuals

either set themselves to 'modernizing' their country, which entails bringing it further into the

hegemonic order, or trying to change the system from within. Their time and effort becomes

exhausted in quarrelling with the institution and winning privileges which the ruling class was

already willing to give up (by virtue of the institution).

To recap, the historic bloc is then the sum of people which have consented to the cultural

hegemony of the ruling class through these institutions. This means that hegemony cannot be swept

aside until a new historic bloc can inform the emergent hegemony.


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Stating that the hegemonic order is on the verge of collapse is a very definitive assertion.

Hegemony and historic bloc have been loosely defined concepts, but this does not prevent a certain

amount of rigor in testing the statement. Despite being nebulous and mutually defining concepts

some discrete limits can, and indeed must, be set to have any meaningful examination of the issue.

Cultural superiority is not the definition of hegemony, but it is a useful litmus test. If cultural

superiority of a historic bloc exists then it most likely informs the hegemon if it does not

additional tests are required. To stay true to the intellectual roots of the Philosophy of Praxis the

material power of the state must also be considered. Even Gramsci in his time saw governments, the

political arm of a state, fall to a revolutionary movement only to be swept aside by the state.

The discourse on power has been much more productive and in 1986 Susan Strange's article

The Persistent Myth of Lost Hegemony was presented to, the Association of International

Relations, in Tokyo. This article provides four keystones in hegemonic power studies which act as a

discrete metric of where structural power resides:

with the person or group able to exercise control overthat is, to threaten or to

defend, to deny or to increaseother people's security from violence;

with those able to control the system of production of goods and services;

with those able to determine the structure of finance and credit through which (in all

but the most primitive economies) it is possible to acquire purchasing power without

having either to work or to trade it;

with those who have most influence over knowledge, whether it is technical

knowledge, religious knowledge, or leadership in ideas, and who control or influence

the acquisition, communication, and storage of knowledge and information.

In her original article, Strange used a comparison of strategic nuclear forces to illustrate

American hegemony. In the intervening 25 years the United States still commands an impressive


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advantage, and even numbers which reflect the traditional armed forces are heavily favouring

American power. In the 2003-2004 fiscal year military spending in the world was recorded at a

grand total of 889 billion US dollars. NATO, as a rough estimation of the developed world, spent

545 billion of those dollars, and the United States alone spent 349 billion dollars (Chamberlin).

These numbers do of course imply that spending in US dollars correlates into hard power. Barring a

further in depth study the assumption that US dollars creates military strength will need to stand.

This means NATO has roughly 61% of the world's military strength, the United States alone has

39% and a commanding 64% of NATO.

While the above is a solid estimation of the general, the particular has drawn much more

criticism lately. Bungled invasions in Iraq and fair-weather commitments to an intervention in Libya

have begged the question of whether the United States has over extended its reach (Freier 2-6). The

phenomenon of leading from behind on the Libyan intervention is oft cited as evidence of the

United States simply not having the will, or power, to continue. It must be remembered however

that the nearly the entirety of the early bombing campaign in Libya was carried out by the United

States as the rest of NATO moved into position (Watt et al and Traynor and Watt). Moreover NATO

was led by non-American allies only after the United States declined the role. The first criterion of

hegemonic power in Stranges metric is the ability to exercise control over security, not the actual

exercising of it.

The second keystone of power is another obvious necessity, but bears exploration, especially

considering the crisis has economic implications. In a 2010 estimate the United States was still the

largest material importer and third largest exporter (World Factbook). Perhaps more telling is that it

generated the most electrical power in the entire world a good 20% more than its nearest rival

China. Additionally the United States consumes a fifth of China's exports, presumably driving a

related portion of the Chinese economy. Electrical power is one of the basic mainstays of modern

production. Without electrical power the modern economy does not exist and the United States

produces more of it than any other country.


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Strange herself notes an obfuscation in the modern economy. Energy concerns, which beg

questions about oil, place the United States on less stable ground. Strange points out, at the time of

publication, that this is not an accurate interpretation. Indeed the physical location of a resource

becomes of secondary importance if the hegemon has developed a system that sees control of the

resource passed into the developed world. If control of important resources depended on their

physical location in the world the age of sail should have seen cotton producing Egypt and India as

powers in their own right. Instead a mercantile system was constructed by the European powers and

the location of the fields no longer mattered. In fact the location of the fields, at best, simply made

one piece of land a more or less valuable contribution to the state which could claim control of its

resources.

To address whether transnational capitalism exercises this control, consider 'Forbes.com

the online portal of Forbes which maintains a list of powerful companies. The Forbes Global 2000

are the biggest, most powerful listed companies in the world. Examining this list reveals that

despite their supra-national dimensions, many of these companies are American. And many more

fall within the purview of the developed world.

For the sake of directness only the companies listed within the United States of America will

be dealt with here. Of the 2000 there are 536 companies listed as American. Notably the first four,

in the world, are American. And more relevant to the point here the fourth largest company in the

world is ExxonMobil a company chiefly involved in oil and gas operations. Considering market

value and sales becomes subjective data in a discourse regarding the nature of wealth as the

hegemon defines it they will be given in Table 1 and the reader may draw their own conclusions.

Note, however, that the profit of these 536 companies for the 2009 2010 fiscal year was nearly

half a trillion dollars and their combined assets nearly 28 trillion dollars. The American GDP for the

same period was 14.7 trillion dollars, just less than twice its nearest competition China (World

Factbook).

The third keystone does cause pause, as the event in question is a crisis in international


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finance, but even here the hegemon maintains supremacy. The organizations which oversee the

world's financial system are roughly controlled by American interests. The quota system employed

by the IMF requires that countries pay at least a quarter of their subscription fees in recognized

currencies or 'Special Drawing Rights'. (The IMF) The dollar, the euro, the yen, and the pound

sterling are the recognized currencies, but note that the value of each of these currencies is

calculated in US dollars. Furthermore the GDPs of member countries and the value of their Special

Drawing Rights are also valued in US dollars. This valuation process essentially ties the world

economy to the US dollar.

When countries run out of money and credit they are left facing harsh borrowing costs or

devastating inflation. The quantitative easing program of the American Federal Reserve has been

likened to printing money, and it has devalued the currency. The American government however

does not need to fear the same type of hyperinflation that plagues the developing world. Demand

for American dollars is built into the world financial system. Even now 4/5ths of the American debt

is in US dollars (World Factbook).

The final keystone of Strange's structural power is the control of knowledge. The discord in

popular culture and the rise of external media like Al-Jazeera suggests a slackening of American

power (Tharoor). This is possibly the thin edge of the knife but as of today it has only scratched the

hegemon. The United States currently rates: 2nd in mainline telephones, 3rd in cellular phones, 1st in

internet hosts, and 2nd in internet users (World Factbook). It maintains a permanent seat on the

United Nations and few entities in the world can match the technical expertise of NASA and MIT.

In an article examining American cultural supremacy Jean Chalaby concludes:

There is a vision of the technological future that claims that the personal computer

will be placed at the heart of the home entertainment universe, becoming the

primary conduit for everything from films and music to games and holiday snaps

(Financial Times, 8/9 February 2004: 20). If this vision holds true, customers will

soon download Hollywood blockbusters onto their Dells and IBMs, quite probably


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using software made by a company based in Redmond called Microsoft.

As a final point in favour of the preeminence of American culture Table 2 and Table 3 have

been included. Table 2 shows the best trending google searches in the world from 2004 to 2010. A

trending search is a search which has shown marked growth, signified by the number of searches.

The first eight are queries regarding American companies or internet services thereof. Notably the

ninth is the first instance of a non-English search. Table 3 shows the trends within China in the same

period. The first result 'qq' returns a Chinese language messaging and news site. The second result '

' returns a site that hosts popular Chinese language web games many of which are

adaptations of Japanese and American games.

Thus far the hegemon has been referred to herein as the transnational capitalist class. The

examples and data however support an American hegemony. The distinction is not consequential to

this paper. The technical and specific nature of the hegemon is, as mentioned, nebulous.

Intellectuals in both the United States and the United Kingdom, for example, will posit the 'neo'

agenda (JohnsonRhetoric 220-221).

This assertion is not meant to belittle important analysis into whether this is an example of a

co-opted indigenous intellectual class or an organic institution in its own right. American data is

presented to support both understandings. As long as it is understood that the two understandings

are not contradictions, whether the hegemon is more accurately described as a transnational

capitalist class with an American bias or the American state, is irrelevant.

The point in all of this is that no other historic bloc exists. The hegemon must control the

power, set the tone, and produce the intellectuals required to herald its truths. The popular discourse

points to the rising economic might of China, but it is competition and not the leader. The emerging

euro-zone challenges the American financial sector but it too is suffering from a banking crisis. The

cultural production of the Middle East is being contrasted to American culture, but there is no

evidence that American cultural production is in decline merely that it is not growing at the same

speed. Beyond that there is no evidence to suggest that cultural production in the Middle East could


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serve as global cultural hegemony.

These comparisons miss the salient points. Hegemony is not absolute or perfect; it is best.

That the comparison is being made at all means that the American state occupies a position of

prominence. If the Americans had lost that dominance then no such comparison would be made.

As a counter to the moral critique of the hegemon it needs to be understood that this too is

balanced in the final equation. Reams of literature have been produced about the disposed and

disenfranchised groups in this hegemonic order. The Philosophy of Praxis was groundbreaking in its

ideas regarding negotiated consent but it is still, at its core, a Marxist theory. The ruling elites do not

need to bestow privileges onto every social fraction to maintain hegemony, nor do they need to

apply them in any measurable equality. If a social fraction has been sufficiently alienated from the

means of production, and the recourse absorbed by the placed organic institutions, then this

behavior is written off as somehow normal or at worst the blame is allocated to the individual

deviant (Falcous and Silk 329-330). Until these disenfranchised people, this subaltern class, begin

to build their own organic institutions and can access power for themselves, and not the power

allocated to them, they can be nearly limitless in number without posing a real risk to the hegemon.

The situation presented hereto seems fatalistically deterministic. Determinism is one of the

criticisms of Marxism that Gramsci sought to address. (Gramsci SPN 106-107 and Gramsci SPN

162-168) As mentioned above the Philosophy of Praxis is still a Marxist theory, and revolutionary

by nature. It would be a mistake to read hegemony as immutable. It is not. Earlier in this paper it

was stated that a war of movement was needed to dethrone hegemony. This is in contrast to the

war of position (Gramsci FSPN 350). The war of movement is the classic Marxist understanding

of revolution and generally occurs in times of political crisis. As it is a political crisis which spawns

the war of movement the war is made manifest in a counter-hegemonic impulse which seizes the

government. If however the state remains intact, the government will be purged of the counter-

hegemonic force.

Destruction of the state lies in the War of Position. The War of Position is the building of a


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new historic bloc. This war requires that a counter-hegemonic social fraction produce intellectuals

who then posit a new idea a new truth on which the historic bloc can rest. The War of Position

creates a fully formed counter-hegemony which, in a War of Movement, would see a weakened

state unable to eject the counter-hegemonic forces from the government.

Nestled into this point is the concept of the 'passive revolution'. Passive revolutions occur

when two, or more, historic blocs arise at the same time or if one historic bloc is unable to destroy

the other. This cycle of revolution and restoration occurs because an impasse is reached. This notion

of passive revolution is incredibly important when one applies the Philosophy of Praxis to the realm

of International Relations Theory. As mentioned above one of the common ways of co-opting

another state into hegemony is through co-opting the indigenous intelligentsia. This will often

create a sort of landed bourgeoisie which is reliant on external capital, or at least external markets.

This foreign connection can often see opposition on nationalistic terms. If the ideational

relationship breaks down and people cannot see the power of the newly proposed state they will

become intransigent. The economic modes of a local people may still have viability. These factors,

either combined or on their own, can account for a people deciding not to engender a state which

destroys their culture for no apparent benefit. This places the new state in competition with the old.

It is understood, in a Gramscian analysis, that Liberalism absorbs counter-hegemonic

impulses by its divisions of power. The economic sphere needs to suffer a considerable crisis before

it pushes on the political. The International Financial Crisis is a push of considerable magnitude and

even developed economies have taken on more pressure than they can bear. The rhetoric of the

media has been altered. Even in the United States some pressure has been felt on the state because

as many as one million homes have been foreclosed between December 2009 and December 2010

(Timeline of events...).

This level of displacement, poverty, and uncertainty does affect the stability of the state.

Despite all of this, hegemony is deeply entrenched within the United States and as this paper has

illustrated no counter-hegemonic state exists. None has been cultivated. The American state is also


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unrivalled by its ancestors as it has utterly smashed those states. For the hegemon to be dethroned, a

new historic bloc needs to exist. Any historic bloc, by definition, must have its own intellectuals and

a legitimate claim to power. There is no group, actor, or agent which can challenge the American

state on all of four keystones of Strange's power structure and until that changes American

stumbling and or relative decline cannot be seen as an end to the current hegemony.


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* The World FactbookCIA, 2011. Web 18 March 2011

* Timeline of events in the financial crisis. USA Today.com. USAToday, 28 Jan 2011. Web. 13 Feb 2011.

* Timeline: Sub-Prime problems.BBC News. BBC News, 31 Aug2007. Web 13 Feb 2011.


18/44

Table 1

**This chart

was createdby parsingthe theForbes 2000list found onhttp://www.forbes.com

Rank Company Country Industry Sales ($bil)Profits($bil) Assets ($bil)

MarketValue ($bil)

1JPMorganChase

UnitedStates Banking 115.63 11.65 2031.99 166.19

2GeneralElectric

UnitedStates

Conglomerates 156.78 11.03 781.82 169.65

3Bank ofAmerica


4 ExxonMobilUnitedStates

Oil & GasOperations 275.56 19.28 233.32 308.77

7 Wells FargoUnitedStates Banking 98.64 12.28 1243.65 141.69

13 AT&TUnitedStates

Telecommu

nicationsServices 123.02 12.54 268.75 147.55

14Wal-MartStores

UnitedStates Retailing 408.21 14.34 170.71 205.37

15BerkshireHathaway

UnitedStates

DiversifiedFinancials 112.49 8.06 297.12 190.86

20 ChevronUnitedStates


25

GoldmanSachsGroup

UnitedStates

DiversifiedFinancials 51.67 13.39 849 84.95

29Procter &Gamble

UnitedStates

Household& PersonalProducts 76.78 13.05 135.29 184.47

33 IBMUnitedStates

Software &Services 95.76 13.43 109.02 167.01

35Hewlett-Packard

UnitedStates

TechnologyHardware &Equip 116.92 8.13 113.62 121.33

37

VerizonCommunica

tions

United

States

Telecommunications

Services 107.81 3.65 227.25 82.21

39ConocoPhillips

UnitedStates



19/44

40 Pfizer UnitedStates

Drugs &Biotechnology 50.01 8.64 212.95 143.23

47Johnson &Johnson

UnitedStates


49 MicrosoftUnitedStates


58 Ford Motor UnitedStates

ConsumerDurables 118.31 2.72 194.85 41.8

72 Merck & CoUnitedStates


75 AppleUnitedStates


75CiscoSystems

UnitedStates

Technology

Hardware &Equip 35.53 6.07 76.4 140.85

81CVSCaremark


89 ComcastUnitedStates Media 35.76 3.64 112.73 47.76

92UnitedHealth Group

UnitedStates

Health CareEquipment& Svcs 87.14 3.82 59.05 39.4

94

UnitedTechnologies

UnitedStates

Conglomerates 52.92 3.83 55.76 65.28

98 Walt DisneyUnitedStates Media 36.29 3.31 69.31 61.17

100 IntelUnitedStates

Semiconductors 35.13 4.37 53.1 115.29

102PrudentialFinancial

UnitedStates Insurance 32.69 3.12 480.2 24.86

104 Coca-ColaUnitedStates

Food, Drink& Tobacco 30.99 6.82 48.67 122.79

105 AbbottLaboratories UnitedStates

Drugs &

Biotechnology 30.76 5.75 52.42 84.29

106 PepsiCoUnitedStates


109 Kraft FoodsUnitedStates


111MorganStanley

UnitedStates


113 OracleUnitedStates


114

American

Express

United

States

Diversified

Financials 26.73 2.13 124.09 45.63116 WellPoint United

StatesHealth CareEquipment

65.03 4.75 52.13 27.55


20/44

& Svcs

117 US BancorpUnitedStates Banking 19.49 2.21 281.18 46.89

118HomeDepot


120 BoeingUnitedStates

Aerospace& Defense 68.28 1.31 62.05 48.45

120 GoogleUnitedStates


123 TargetUnitedStates Retailing 65.36 2.49 44.53 38.9

125 News CorpUnitedStates Media 30.93 3.35 56.13 37.93

127TravelersCos


132

PhilipMorrisInternational

UnitedStates


134TimeWarner

UnitedStates Media 25.79 2.44 65.73 34.05

135

PNCFinancialServices


139

UnitedParcel

Service

United

States

Transportati

on 45.3 2.15 31.88 58.43

146LockheedMartin

UnitedStates


153 McDonald'sUnitedStates

Hotels,Restaurants& Leisure 22.74 4.55 30.07 69.05

158 Lowe's CosUnitedStates Retailing 47.22 1.78 33.01 34.99

160OccidentalPetroleum

UnitedStates


163 Walgreen

United

States Retailing 64.75 2.09 26.55 34.89

164

HoneywellInternational

UnitedStates

Conglomerates 30.91 2.15 36 31.02

165 Caterpillar UnitedStates

CapitalGoods 32.4 0.9 60.04 36.14

166 AmgenUnitedStates


167

Bristol-MyersSquibb

UnitedStates


168MarathonOil

UnitedStates



21/44

169 3MUnitedStates

Conglomerates 23.12 3.19 27.25 57.35

175 ExelonUnitedStates Utilities 17.32 2.71 49.18 29.34

179EI du Pontde Nemours

UnitedStates Chemicals 27.33 1.76 38.19 30.76

180AltriaGroup

UnitedStates


181GeneralDynamics

UnitedStates


183 DellUnitedStates


184 AflacUnitedStates Insurance 18.25 1.5 84.11 23.47

185

Eli Lilly &

Co

United

States

Drugs &Biotechnolo

gy 21.84 4.33 27.46 39.58

189DowChemical

UnitedStates Chemicals 44.88 0.65 65.94 33

195 AllstateUnitedStates Insurance 32.01 0.85 132.65 16.94

206 Southern CoUnitedStates Utilities 15.74 1.71 52.05 26.3

211UnionPacific

UnitedStates

Transportation 14.14 1.9 42.41 34.21

212ArcherDaniels

UnitedStates


216NorthropGrumman

UnitedStates


219CostcoWholesale


228 MedtronicUnitedStates


229 McKessonUnitedStates


231 State Street UnitedStates DiversifiedFinancials 9.36 1.8 157.95 22.28

232Capital OneFinancial

UnitedStates


233 FPL GroupUnitedStates Utilities 15.65 1.62 48.44 19.58

234 Deere & CoUnitedStates

CapitalGoods 22.8 0.91 40.78 24.63

240FreeportCopper

UnitedStates Materials 15.04 2.75 25.87 32.87

246 Raytheon

United

States

Aerospace

& Defense 24.88 1.94 23.61 21.53

250DominionResources

UnitedStates Utilities 15.13 1.29 42.55 22.87


22/44

251 ChubbUnitedStates Insurance 13.02 2.18 50.45 16.77

252 AetnaUnitedStates


253MedcoHealth

UnitedStates

Health Care

Equipment& Svcs 59.8 1.28 17.92 29.68

254EmersonElectric

UnitedStates

Conglomerates 20.51 1.69 21.49 35.64

258 QualcommUnitedStates


266DukeEnergy


271

TimeWarner

Cable

United

States Media 17.87 1.07 43.69 16.63

272 BB&TUnitedStates Banking 10.82 0.85 165.76 19.2

280AmericanElectric


284 EMCUnitedStates


285 HessUnitedStates


285Kimberly-Clark

UnitedStates


289XTOEnergy

UnitedStates


291 VisaUnitedStates


293 PG&EUnitedStates Utilities 13.4 1.23 42.95 15.61

294 Best BuyUnitedStates Retailing 47.87 1.11 21.1 15.38

303 Directv UnitedStates Media 21.57 0.94 18.26 32.73

308

BaxterInternational

UnitedStates


310JohnsonControls

UnitedStates


315Amazon.com


317GeneralMills

UnitedStates


319 LoewsUnitedStates Insurance 14.12 0.56 74.07 15.64


23/44

322 CignaUnitedStates


326CardinalHealth

UnitedStates


327Pub SvcEnterprise


331 ViacomUnitedStates Media 13.62 1.61 21.9 18.01

333 NIKEUnitedStates


336 EntergyUnitedStates Utilities 10.75 1.25 37.36 14.71

342 MonsantoUnitedStates Chemicals 10.77 1.53 17.61 38.87

346

NationalOilwellVarco

UnitedStates


348Colgate-Palmolive

UnitedStates


349AutomaticData

UnitedStates

BusinessServices &Supplies 8.79 1.36 29.6 21.19

353 CitigroupUnitedStates Banking 108.07 -1.61 1856.65 96.54

355 HalliburtonUnitedStates


356 EbayUnitedStates Retailing 8.73 2.39 18.41 31.02

361 FirstEnergyUnitedStates Utilities 12.97 1.01 34.3 11.91

365Consolidated Edison


366 Danaher UnitedStates

Conglomerates 11.18 1.15 19.6 24.37

370 CSX UnitedStates Transportation 9.04 1.15 27.04 18.85

374

EdisonInternational


379ExpressScripts

UnitedStates


381Illinois ToolWorks

UnitedStates

CapitalGoods 13.88 0.95 16.08 23.16

387

Fifth Third

Bancorp

United

States Banking 9.45 0.74 113.38 9.73

393International Paper



24/44

394

WasteManagement

UnitedStates


398NewmontMining


399

Norfolk

Southern

United

States

Transportati

on 7.97 1.03 27.37 19.46

399 StaplesUnitedStates Retailing 24.28 0.74 13.72 18.72

402 SyscoUnitedStates

FoodMarkets 35.78 1.14 10.28 17.17

406Constellation Energy


407ThermoFisher

UnitedStates


411 Progressive

United

States Insurance 14.56 1.06 20.05 11.62

413AmeripriseFinancial

UnitedStates


415 Kohl'sUnitedStates Retailing 17.18 0.99 13.16 16.54

417TexasInstruments

UnitedStates

Semiconductors 10.43 1.47 12.12 30.59

425 MetLifeUnitedStates Insurance 41.06 -2.25 539.31 29.93

426Coca-ColaEnterprises

UnitedStates


430 CorningUnitedStates


433SempraEnergy


434ProgressEnergy


437 Praxair UnitedStates Chemicals 8.96 1.25 14.32 23.3

439 Xerox UnitedStates

Business

Services &Supplies 15.18 0.49 24.03 12.99

446 KelloggUnitedStates


449CharlesSchwab

UnitedStates


450 AESUnitedStates Utilities 14.12 0.66 39.54 7.47

451UnumGroup


455

Principal

Financial

United

States

Diversified

Financials 8.85 0.62 137.76 7.4456 Humana United

StatesHealth CareEquipment

30.96 1.04 14.15 8.08


25/44

& Svcs

459ReynoldsAmerican

UnitedStates


461

DiscoverFinancialServices

UnitedStates


463

L-3Communications

UnitedStates


465OmnicomGroup


470GileadSciences

UnitedStates


480 Murphy Oil

United

States

Oil & Gas

Operations 18.92 0.84 12.76 10.17

483 BlackRock UnitedStates


485ComputerSciences

UnitedStates

Software &Services 16 0.94 16.2 8.06

485 Xcel EnergyUnitedStates Utilities 9.64 0.68 25.49 9.63

488NorthernTrust


491

Amerisourc

eBergen

United

States

Drugs &Biotechnolo

gy 73.76 0.54 13.56 7.93

491 TJX CosUnitedStates Retailing 20.29 1.21 7.46 17.49

507SearsHoldings


514 AonUnitedStates Insurance 7.6 0.75 22.96 10.94

523

QwestCommunications

UnitedStates

TelecommunicationsServices 12.31 0.66 20.38 7.91

525 Macy's

United


535 GapUnitedStates Retailing 14.2 1.1 7.99 14.9

539Air Prods &Chems


541ConAgraFoods

UnitedStates


545 HJ HeinzUnitedStates


547 YahooUnitedStates


563SpectraEnergy

UnitedStates


566 Hartford United Insurance 24.7 -0.89 307.72 9.53


26/44

Finl Service States

568 FedExUnitedStates

Transportation 32.59 -0.25 24.59 26.85

573RepublicServices

UnitedStates


574Becton,Dickinson

UnitedStates


575

Bank ofNew YorkMellon

UnitedStates Banking 8.28 -1.08 212.22 34.33

576 EatonUnitedStates

CapitalGoods 11.87 0.38 16.28 11.61

578NRGEnergy


580

Annaly

CapitalMgmt

UnitedStates


583 Stryker UnitedStates


588EOGResources

UnitedStates


594 Yum BrandsUnitedStates


595 PPLUnitedStates Utilities 7.56 0.41 22.17 10.94

595Sprint

NextelUnitedStates

TelecommunicationsServices 32.26 -2.44 55.42 10.12

597 Sara LeeUnitedStates


601WilliamsCos

UnitedStates


602 Kroger UnitedStates

FoodMarkets 76.73 0.07 23.09 14.56

607 CME Group UnitedStates DiversifiedFinancials 2.61 0.83 35.65 20.03

608ValeroEnergy

UnitedStates

Oil & GasOperations 67.27 -1.98 35.63 9.96

609 DTE EnergyUnitedStates Utilities 8.01 0.53 24.19 7.34

613 ITTUnitedStates

Conglomerates 10.9 0.64 11.13 9.49

622BakerHughes

UnitedStates


627

Delta Air

Lines

United

States

Transportati

on 28.06 -1.24 43.54 10.34

630 AlcoaUnitedStates Materials 18.44 -1.15 38.47 13.58


27/44

634 MosaicUnitedStates Chemicals 6.14 0.41 12.7 26.46

635PPGIndustries


636AnadarkoPetroleum

UnitedStates


637 CBSUnitedStates Media 13.01 0.23 26.96 9.09

642SunTrustBanks


647 MotorolaUnitedStates

TechnologyHardware &Equip 22.04 -0.05 25.61 15.59

655 MasterCardUnitedStates


668 CenturyTel

United

States

Telecommunications

Services 4.97 0.51 22.48 10.32

669FranklinResources

UnitedStates


678 AmerenUnitedStates Utilities 7.09 0.61 23.79 5.95

679DISH

NetworkUnitedStates Media 11.66 0.64 8.3 9.61

687 Fluor UnitedStates

Construction 21.99 0.68 7.18 7.67

690 ApacheUnitedStates


692 WhirlpoolUnitedStates


693 SLMUnitedStates


694Marsh &McLennan


696 CumminsUnitedStates

CapitalGoods 10.8 0.43 8.82 11.87

702

Avon

Products

United

States

Household& Personal

Products 10.38 0.63 6.83 13.24

710 M&T Bank UnitedStates Banking 3.77 0.38 68.88 9.23

711DevonEnergy

UnitedStates

Oil & GasOperations 8.02 -2.43 29.69 31

716PrecisionCastparts

UnitedStates


718

SimonPropertyGroup

UnitedStates


720 StarbucksUnitedStates

Hotels,

Restaurants& Leisure 9.88 0.57 6.1 17.31


28/44

731QuestDiagnostics

UnitedStates


749RegionsFinancial


752

Peabody

Energy

United

States Materials 6.01 0.45 9.96 12.63

757 Biogen IdecUnitedStates


759 CAUnitedStates


761WesternDigital

UnitedStates


762AmericanIntl Group

UnitedStates Insurance 96 -10.95 847.59 3.48

762Lincoln

NationalUnitedStates Insurance 8.5 -0.48 177.43 7.74

764ChesapeakeEnergy

UnitedStates


773GenworthFinancial

UnitedStates Insurance 9.07 -0.46 108.19 7.77

775 SafewayUnitedStates

FoodMarkets 40.85 -1.1 14.96 9.7

778 JC PenneyUnitedStates Retailing 17.56 0.25 12.58 6.59

779CenterPointEnergy


784CampbellSoup

UnitedStates


786

LibertyMedia-Interactive


791DollarGeneral


800Hudson CityBancorp


806 Goodrich UnitedStates Aerospace& Defense 6.69 0.6 8.74 8.42

809Parker-Hannifin

UnitedStates

CapitalGoods 9.15 0.28 9.79 9.92

815LibertyGlobal

UnitedStates Media 11.08 -0.41 39.9 7.37

818 GenzymeUnitedStates


820 Allergan

United

States

Drugs &Biotechnolo

gy 4.5 0.62 7.54 18.33

823WesternUnion

UnitedStates



29/44

827 SymantecUnitedStates


828 AssurantUnitedStates Insurance 8.7 0.43 25.84 3.57

830 Freddie MacUnitedStates

DiversifiedFinancials 37.61 -21.55 841.78 0.75

838BostonScientific

UnitedStates

Health CareEquipment& Svcs 8.19 -1.03 25.18 11.74

845

TDAmeritradeHolding

UnitedStates


848McGraw-Hill Cos


849 Fannie MaeUnitedStates


861

Dr Pepper

SnappleGroup

UnitedStates


862St JudeMedical

UnitedStates


867Bed Bath &Beyond


869 Oneok UnitedStates Utilities 11.11 0.31 12.83 4.8

870PublicStorage

UnitedStates


874 Nucor UnitedStates Materials 11.19 -0.29 12.57 13.34

876New YorkCommunity


878 SAICUnitedStates


879ZimmerHoldings

UnitedStates


880 Nordstrom

United


883LimitedBrands


883

ReinsuranceGroup ofAmerica


889

CameronInternational

UnitedStates


894

Estee

Lauder Cos

United

States

Household& Personal

Products 7.48 0.41 5.71 12.24

908 AutoZoneUnitedStates Retailing 6.99 0.68 5.42 8.22


30/44

912 VFUnitedStates


918 Paccar UnitedStates

CapitalGoods 8.09 0.11 14.57 13.12

922 Cablevision

United

States Media 7.77 0.29 9.33 7.4

925ConsolEnergy


933 KeyCorpUnitedStates Banking 5.83 -1.34 93.29 6.12

935SouthwestAirlines

UnitedStates

Transportation 10.35 0.1 14.27 9.45

936

DiscoveryCommunications


947 US Steel

United

States Materials 11.05 -1.4 15.42 7.83

956 Dover UnitedStates

Conglomerates 5.78 0.36 7.88 8.57

971TysonFoods

UnitedStates

Food, Drink& Tobacco 26.82 -0.27 10.85 6.47

975EquityResidential

UnitedStates


979FortuneBrands

UnitedStates


982

MolsonCoorsBrewing

UnitedStates


988 CloroxUnitedStates


988 CelgeneUnitedStates


993

CHRobinsonWorldwide

UnitedStates

Transportation 7.58 0.36 1.83 8.98

994

IntercontinentalExchange

UnitedStates


995 EcolabUnitedStates Chemicals 5.9 0.42 5.02 10.01

995GenuineParts

UnitedStates

ConsumerDurables 10.06 0.4 5 6.48

997 DaVitaUnitedStates


1000 Lorillard

United

States

Food, Drink

& Tobacco 3.69 0.95 2.58 11.261003 Smith

InternationaUnitedStates

Oil & GasOperations

8.22 0.15 10.74 10.21


31/44

l

1006AmericanFinl Group


1010 Forest Labs

United

States

Drugs &Biotechnolo

gy 4.1 0.75 6.11 9.16

1011NortheastUtilities


1013 MattelUnitedStates


1014 TextronUnitedStates

Conglomerates 10.5 -0.03 18.94 5.51

1016 JM Smucker UnitedStates


1020

Sherwin-

Williams

United


1021PepcoHoldings


1024Las VegasSands

UnitedStates

Hotels,Restaurants& Leisure 4.56 -0.35 20.57 11.28

1024WisconsinEnergy


1027 FiservUnitedStates


1028 Hershey

United

States

Food, Drink

& Tobacco 5.3 0.44 3.68 9.1

1032ApolloGroup

UnitedStates


1035NYSEEuronext

UnitedStates


1037WWGrainger

UnitedStates

CapitalGoods 6.22 0.43 3.73 7.55

1041 CIT GroupUnitedStates

DiversifiedFinancials 3.98 NA 60.03 7.31

1043

Advanced

Micro

United

States

Semiconduc

tors 5.4 0.38 9.08 5.52

1048RockwellCollins

UnitedStates


1050 NiSourceUnitedStates Utilities 6.65 0.22 19.27 4.2

1057CommunityHealth Sys

UnitedStates


1068AppliedMaterials

UnitedStates

Semiconductors 5.53 -0.09 10 16.79

1069 AdobeSystems UnitedStates Software &Services 2.95 0.39 7.28 18.29

1072 AMR UnitedStates

Transportation 19.92 -1.47 25.44 3.13


32/44

1075 SupervaluUnitedStates

FoodMarkets 42.21 0.1 17.17 3.32

1077LaboratoryCorp Amer

UnitedStates


1079PitneyBowes

UnitedStates

Business

Services &Supplies 5.57 0.42 8.53 4.81

1081

MarriottInternational

UnitedStates


1085CognizantTechnology

UnitedStates


1087 MylanUnitedStates


1090

Weyerhaeus

er

United

States Materials 5.53 -0.55 15.25 8.82

1091 CelaneseUnitedStates Chemicals 5.08 0.49 8.41 4.71

1091CincinnatiFinancial


1094JacobsEngineering

UnitedStates

Construction 10.71 0.36 4.68 4.91

1096 CoachUnitedStates


1103 Navistar IntlUnitedStates


1107 Ross StoresUnitedStates Retailing 6.94 0.4 2.74 6.11

1109 BallUnitedStates Materials 7.35 0.39 6.49 5.14

1110 El PasoUnitedStates


1115 WR BerkleyUnitedStates Insurance 4.43 0.31 17.33 4.06

1116 Polo RalphLauren UnitedStates

Household

& PersonalProducts 4.87 0.41 4.65 7.97

1118DardenRestaurants

UnitedStates


1123Transatlantic Holdings


1139AmericanTower

UnitedStates


1140NIIHoldings

UnitedStates

Telecommu

nicationsServices 4.4 0.38 7.55 6.3

1142 Scana United Utilities 4.24 0.36 11.96 4.53


33/44

States

1150 MBIAUnitedStates Insurance 2.95 0.62 25.68 1

1152 AshlandUnitedStates Chemicals 8.2 0.28 9.23 3.83

1159CoventryHealth Care

UnitedStates

Health Care

Equipment& Svcs 13.9 0.24 8.17 3.52

1161HormelFoods

UnitedStates


1165 UALUnitedStates

Transportation 16.34 -0.65 18.35 3.01

1166 H&R Block UnitedStates

BusinessServices &Supplies 4 0.5 7.41 5.75

1170BostonProperties

UnitedStates


1173 CalpineUnitedStates Utilities 6.56 0.15 16.65 4.95

1174IngramMicro

UnitedStates

TechnologyHardware &Equip 29.52 0.2 8.18 3

1188CrownHoldings


1189CMSEnergy


1196MGMMirage

UnitedStates


1198 Questar UnitedStates Utilities 3.04 0.39 8.9 7.47

1199T RowePrice

UnitedStates


1208 HospiraUnitedStates


1215 Paychex

United

States

BusinessServices &

Supplies 2.02 0.49 4.66 10.95

1216MicronTechnology

UnitedStates

Semiconductors 5.14 -0.93 11.73 8.31

1218 IntuitUnitedStates


1220JefferiesGroup

UnitedStates


1227Priceline.com

UnitedStates


1229

Vornado

Realty

United

States

Diversified

Financials 2.74 0.11 20.19 11.99

1231 SunocoUnitedStates



34/44

1235 NetAppUnitedStates


1239 First Solar UnitedStates

TechnologyHardware &Equip 2.07 0.64 3.35 9

1242VirginMedia


1246 LubrizolUnitedStates Chemicals 4.59 0.5 4.77 5.5

1252 Torchmark UnitedStates Insurance 3.22 0.4 16.02 3.9

1252 URSUnitedStates

Construction 9.25 0.27 6.9 3.93

1256 Goodyear UnitedStates

ConsumerDurables 16.3 -0.38 14.41 3.22

1259 CareFusionUnitedStates

Health Care

Equipment& Svcs 3.65 0.42 7.72 5.78

1261

FMCTechnologies

UnitedStates


1270HenrySchein

UnitedStates


1283 ComericaUnitedStates Banking 3.16 0.02 59.26 5.4

1289 SanDisk UnitedStates

TechnologyHardware &Equip 3.57 0.42 6 7.46

1290ProtectiveLife


1298 FlowserveUnitedStates

CapitalGoods 4.37 0.43 4.25 5.77

1300

FamilyDollarStores


1303 Dean Foods

United

States

Food, Drink

& Tobacco 11.16 0.24 7.84 2.65

1314

FidelityNationalInfo

UnitedStates

BusinessServices &Supplies 3.77 0.11 14 8.65

1315

MeadJohnson

NutritionUnitedStates


1318 AvnetUnitedStates


1319 Gannett

United

States Media 5.61 0.36 7.15 3.78

1319 KBR UnitedStates

Construction 12.06 0.29 5.33 3.4


35/44

1322MeadWestvaco


1323AlleghenyEnergy


1327 GameStopUnitedStates Retailing 9.05 0.39 5.04 2.88

1328 CR BardUnitedStates


1332Owens-Illinois


1333

HertzGlobalHoldings

UnitedStates

BusinessServices &Supplies 7.1 -0.13 16 3.89

1334Host Hotels& Resorts

UnitedStates


1336

Leucadia

National

United

States

Diversified

Financials 1.12 0.55 6.76 5.93

1340ContinentalAirlines

UnitedStates

Transportation 12.59 -0.28 12.78 2.95

1343Brown-Forman

UnitedStates


1349 Dollar TreeUnitedStates Retailing 5.23 0.32 2.29 4.88

1354O'ReillyAutomotive


1358

AgilentTechnologies

UnitedStates


1359 CarMaxUnitedStates Retailing 7.11 0.24 2.41 4.78

1360 MascoUnitedStates

Construction 7.79 -0.18 9.18 5.01

1361 Rite AidUnitedStates Retailing 25.91 -2.59 8.6 1.34

1364NobleEnergy

UnitedStates


1368

Whole

FoodsMarket UnitedStates FoodMarkets 8.2 0.17 3.87 6.23

1376AnalogDevices

UnitedStates

Semiconductors 2.14 0.34 3.7 8.88

1387WyndhamWorldwide

UnitedStates


1394IntuitiveSurgical

UnitedStates


1400

Expeditors

Intl

United

States

Transportati

on 4.09 0.24 2.32 7.71

1402 VMwareUnitedStates



36/44

1406

RRDonnelley& Sons


1408CharterCommun

UnitedStates Media 6.76 NA 16.66 3.39

1411

Marshall &

Ilsley

United

States Banking 3.38 -0.76 57.21 3.71

1413 Joy GlobalUnitedStates

CapitalGoods 3.57 0.45 2.97 5.32

1414 BroadcomUnitedStates


1417CrownCastle Intl

UnitedStates


1419StarwoodHotels

UnitedStates


1427 Tech DataUnitedStates


1428 HasbroUnitedStates


1429 WindstreamUnitedStates

TelecommunicationsServices 3 0.33 9.15 4.7

1431NewellRubbermaid

UnitedStates


1439InterpublicGroup


1440 Manpower UnitedStates

BusinessServices &Supplies 16.04 -0.01 6.21 4.17

1454ArrowElectronics

UnitedStates


1455 Tesoro

United

States

Oil & Gas

Operations 16.87 -0.14 8.07 1.66

1457Juniper

NetworksUnitedStates


1458BMCSoftware

UnitedStates


1463 Moody'sUnitedStates

BusinessServices &Supplies 1.8 0.4 2 6.44

1464LibertyMedia-Starz


1464TenetHealthcare

UnitedStates



37/44

1467

NasdaqOMXGroup

UnitedStates


1474HuntingtonBancshs


1475 HCP

United

States

Diversified

Financials 1.16 0.13 12.21 8.53

1481 AmphenolUnitedStates


1481 ConsecoUnitedStates Insurance 4.34 0.09 30.34 1.23

1483

IntegrysEnergyGroup

UnitedStates Utilities 7.5 -0.07 11.85 3.43

1487Harley-Davidson

UnitedStates

ConsumerDurables 4.78 -0.06 9.16 5.82

1488

LifeTechnologies

UnitedStates


1492CC MediaHoldings


1497 HarrisUnitedStates


1499

People'sUnitedFinancial


1507

TRWAutomotiveHldgs

UnitedStates


1510 MirantUnitedStates Utilities 2.31 0.49 9.57 1.81

1511 ProLogisUnitedStates


1522RockwellAutomation

UnitedStates

CapitalGoods 4.21 0.18 4.4 7.87

1525

Advance

Auto Parts

United


1528

FidelityNationalFinl


1530 ExpediaUnitedStates


1535FirstAmerican


1536 XilinxUnitedStates


1541ZionsBancorp


1543 General United Diversified 3.14 -1.28 28.15 4.14


38/44

GrowthProp States Financials

1544EnergizerHoldings

UnitedStates


1545

Sigma-

Aldrich

United

States Chemicals 2.15 0.35 2.71 6

1546

VarianMedicalSystems

UnitedStates


1551Scripps

NetworksUnitedStates Media 1.54 0.3 1.87 6.66

1556 AutoNationUnitedStates Retailing 10.76 0.2 5.41 3.1

1561BOKFinancial


1579 Ventas

United

States

Diversified

Financials 0.94 0.27 5.62 6.97

1585 AlteraUnitedStates


1586SmithfieldFoods

UnitedStates

Food, Drink& Tobacco 11.61 -0.32 7.72 2.96

1595 OmnicareUnitedStates


1602 MF GlobalUnitedStates


1603 WatersUnitedStates


1610

CFIndustriesHoldings


1634E-TradeFinancial

UnitedStates


1638 CephalonUnitedStates


1645 UGI UnitedStates Utilities 5.58 0.24 6.45 2.74

1651US AirwaysGroup

UnitedStates

Transportation 10.46 -0.21 7.45 1.24

1657 ClearwireUnitedStates


1669

CliffsNaturalResources


1671

StanCorp

Financial

United


1690 HuntsmanUnitedStates Chemicals 7.76 0.11 8.63 3.26


39/44

1694 AirgasUnitedStates Chemicals 3.88 0.21 4.44 5.38

1696McCormick& Co

UnitedStates


1697 Health Net

United

States

Health CareEquipment

& Svcs 15.71 -0.05 4.28 2.43

1704HCCInsurance


1710Telephone& Data Sys

UnitedStates


1716 Popular UnitedStates Banking 2.75 -0.57 34.74 1.3

1723Southwestern Energy

UnitedStates


1725

Pride

International

UnitedStates


1731LinearTechnology

UnitedStates


1732CitrixSystems

UnitedStates


1734UniversalHealth

UnitedStates


1739

BucyrusInternational

UnitedStates

CapitalGoods 2.65 0.31 2.7 4.82

1739SynovusFinancial


1747DolbyLaboratories

UnitedStates


1759RalcorpHoldings

UnitedStates


1765CommerceBancshs


1768 RRI Energy UnitedStates Utilities 1.82 0.4 7.46 1.51

1770IronMountain

UnitedStates


1774

StanleyBlack &Decker

UnitedStates


1775 Jabil CircuitUnitedStates


1780 PulteGroupUnitedStates

Construction 4.08 -1.18 10.05 4.17


40/44

1785EastmanKodak

UnitedStates


1787Plum CreekTimber

UnitedStates


1796

Office

Depot

United

States Retailing 12.14 -0.6 4.89 2.08

1800MFAFinancial

UnitedStates


1804DentsplyIntl

UnitedStates


1809

AvalonbayCommunities

UnitedStates


1810

InteractiveBrokers

Group

United

States

Diversified

Financials 1.17 0.04 26.61 0.71

1811Cullen/FrostBankers


1813 NV EnergyUnitedStates Utilities 3.59 0.18 11.41 2.71

1818KimcoRealty

UnitedStates


1821 NStar UnitedStates Utilities 3.05 0.26 8.14 3.68

1824 NelnetUnitedStates


1826

FirstHorizon

NationalUnitedStates Banking 2.23 -0.27 26.07 2.82

1829Avis BudgetGroup

UnitedStates

BusinessServices &Supplies 5.13 -0.05 10.09 1.12

1832 Cerner UnitedStates


1833 Teradata

United

States

Software &

Services 1.71 0.25 1.57 5.21

1835World FuelServices

UnitedStates


1840

AlexionPharmaceuticals

UnitedStates


1845 NvidiaUnitedStates

Semiconductors 3.33 -0.07 3.59 9.35

1846 Phoenix CosUnitedStates Insurance 2.02 -0.32 24.89 0.28

1860 Lear UnitedStates

ConsumerDurables 9.74 NA 6.07 3.05

1863 Aecom United Constructio 6.15 0.19 3.83 3.11


41/44

Technology States n

1870WynnResorts

UnitedStates


1874 PetsmartUnitedStates Retailing 5.34 0.2 2.46 3.44

1888RoperIndustries

UnitedStates

CapitalGoods 2.05 0.24 4.33 5.22

1889AtmosEnergy


1890UrbanOutfitters


1893AssociatedBanc-Corp


1899

BJ'sWholesaleClub


1902EdwardsLifesciences

UnitedStates


1903 FastenalUnitedStates Retailing 1.93 0.18 1.33 6.62

1904SymetraFinancial


1906

OldRepublicIntl


1907 MarkelUnitedStates Insurance 2.07 0.2 10.24 3.47

1921

PenskeAutomotiveGp


1926

AmericanEquityInvest


1931Church &Dwight

UnitedStates


1934 CityNational UnitedStates Banking 1 0.05 21.08 2.58

1942Great A&PTea

UnitedStates

FoodMarkets 9.11 -0.82 3.03 0.42

1943East WestBancorp


1944Helmerich& Payne

UnitedStates


1947WatsonPharma

UnitedStates


1954 VeriSignUnitedStates


1958 Astoria United Banking 1.08 0.03 20.25 1.26


42/44

Financial States

1958OGEEnergy


1960American

Natl InsUnitedStates Insurance 2.95 0.02 20.2 2.93

1960

Pioneer

Natural Res

United

States

Oil & Gas

Operations 1.71 -0.05 8.87 5.45

1968

AmbacFinancialGroup


1970 Sealed Air UnitedStates Materials 4.24 0.24 5.42 3.28

1973Health CareREIT

UnitedStates


1975FirstBanCorp


1979

Mercury

General

United


1991Salesforce.com

UnitedStates


1994

ITTEducationalServices

UnitedStates


1999

FirstCitizensBcshs

UnitedStates Banking 1.14 0.12 18.4

Documents

Why Today's Crisis Will Not Dethrone This Hegemon - Using the Prison Notebooks to Interpret Popular Dissent