From: US GIO <MMIll=a>
To: Undisclosed recipients:;
Subject: FW: 2012 Outlook
Date: Mon, 02 Jan 2012 19:04:24 +0000
Attachments: 2012_Outlook_The_Post-Stimulus_Economy.pdf
From: Cembalest, Michael
Sent: Monday, January 02, 2012 08:20 AM
To: Cembalest, Michael
Subject: 2012 Outlook
Please find attached our portfolio, market and economic outlook for 2012. If you would like to receive this as a hard copy
booklet, please contact your JP Morgan coverage team.
Michael Cembalest
Chief Investment Officer
This email is confidential and subject to important disclaimers and conditions including on offers for the
purchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege,
and legal entity disclaimers, available at http://wwwjpmorgan.corn/pages/disclosures/email.
EFTA00656603