The document provides a weekly market outlook and analysis for the period of August 26th through August 30th, 1991. It discusses several topics: - The U.S. stock market may see a politically-driven recovery lasting 2-3 months, but many economic indicators are losing meaning as the world transitions to a more global economy. - Mikhail Gorbachev is likely to remain the leader of the Soviet Union for now as the republics transition to more independent leadership. - Communism is watching its influence wane in its last strongholds of Cuba, China, and North Korea, with Cuba expected to move towards revolution in the next year or two as it becomes detached from the Soviet Union.

1. IuTEGRATED It IvESTn{ENTS, Iruc.
A third-eye to wstch your investrnenfs arcd the direction af the rnarkets!
for the week of Aogrst 26th through August 30th, 1991
SOOOISJfEW SUPPOftT LEVELFOft THE DOW!
The last of the "bull" in the market will run for trrro to three montJrs in a "RECOVERY?"
THAT IS MORE POLITICALLY.BASED THAN ECONOMICALLY-BASED. ATCN,I thE
stressed airtine, auto, banking brokerage, computer, finance, real estate and S&L indusuies,
most of t}e major components of our economS4 In this new world order where peace is
seen as powerftil, these will be some of the last times'*rhen "winning?" a "vrar?" in the
Middle East and overniglrt revolutions in a superpower coffirry have a positive Effect on the
world markets, As this ne$r world reshuffles it's order, the U.S. may n0 longer be the first
in line with political or economic power. Democracy gtves everyone a Yote, What would
happen to interest rates and PE ratios if political and economic power in Japan, Ewope and
dre United States wers almost the sarne? Watctr for market legislation in Japan, finance
remodeling in the United States and currency reestablishment in Europe as the first signs of
the uansformation ts a mre global economy! Some of the economic indicators used today,
suggesting a recovery, no longer have the sailre old meaning in this fast-changing world.
GORBACHEV TS HERETO STAY, FOR AWHILE
Althougtr the Soviets may be able to get a new govemment quicker than they can get a Big
Mac, they won't be able to get rid of Gorbachev any easier than they can get rid of their
rubles. He "will not be going out until the republics's independent leadership comes fully in.
CUBA IS ]VEXT I]V ffHE FOR DEMO CFAtr!
Cammunism is watching it's life flash before it's leader's syss in the rhree last countries:
Cuba China and Nortr Kore4 in that order, probably within the n$il year or two. Since
Cuba is going to be amputared from the Soviet UnioR it rrill be revolutionized soonrr than
later. A $obal defense system will evolve as it gets harder to tell rvho the "eltamy" is in the
future! The UN's role will increase a$ Ieaders work politically and economically together'
MORE iJITER! AIlfteww kst! Je{ffi D. Somlr;nfrng
c 1991 lnrcgrltcd lnvcrlmcntl, lnc. Jcffrcy D Sonncnburg 12235 N Cavc Crcck Rd Suilc 5355 lrhocnix, AZ E50ZZ-4629 USA