1. GATEWAY CAPITOL FINANCIAL
An Office of MetLife
3700 O’DONNELL STREET, Suite 200
BALTIMORE, MD 21224
Tel 443-957-6237 Fax 443-957-6030
Scott E. Meek
Financial Services Representative
Registered Representative
Monday, May 7, 2012 - Weekly Market Update
The US stock market did not like the sound of “only” +115,000 new jobs being added to the payroll of
American employers in April 2012, a total that was 30% below what had been expected by market
watchers. The S&P 500 fell 1.6% (total return) on Friday (5/04/12), completing a 3-day tumble of 2.6%,
dropping its YTD result to +9.6%. Although the nation’s unemployment rate fell to 8.1%, the result is
masked by the number of Americans that have dropped out of the calculation, i.e., they are no longer
part of the “civilian labor force” and actively looking for employment. Using the same “participation rate”
from just 1 year ago, the nation’s true unemployment rate may be as high as 9.0% when you add back
an estimated 1.5 million frustrated job seekers that have stepped to sidelines (source: Department of
Labor).
Elections in France and Greece yesterday (Sunday 5/06/12) demonstrated the extent to which voters
are expressing their anti-austerity emotions. France’s presidential election produced a new leader
(Francois Hollande defeated Nicolas Sarkozy). Greece’s parliamentary election failed to produce a
majority for any political party, leaving that country open to a splintered legislature in Athens that could
back-step on the austerity measures agreed to just 2 months ago that were a prerequisite for its latest
bailout package worth 174 billion Euros (source: BTN Research).
Almost lost in the shuffle of financial news last week was that mortgage interest rates dropped to an all-
time low. The average 30-year fixed rate mortgage nationwide fell to 3.84%. Just 4 years ago, the
average rate was 6.04% (source: Freddie Mac).
Notable Numbers for the Week:
1. HOW BIG? - The S&P 500 represents 75% of the total US stock market capitalization. The S&P 500 is an
unmanaged index of 500 widely held stocks that is generally considered representative of the US stock market
(source: BTN Research).
2. MANY LESS - As of 3/31/12, there were 2.4 million existing homes for sale in the USA. Just 3 years earlier
(3/31/09), the number of homes on the market was 3.7 million (source: National Association of Realtors).
3. CONTROL YOUR SPENDING - In the first 6 months of fiscal year 2012 (10/01/11-3/31/12), the US
government spent $1.84 trillion. For the entire fiscal year 2001, the US government spent $1.86 trillion, an
amount that at the time was an all-time record (source: Treasury Department).
4. THE GOLDEN YEARS - An average American male who retires at age 55 will spend 32% of his life enjoying
his retirement years (source: National Vital Statistics Reports).
This commentary is brought to you courtesy of {MetLife Securities, Inc./New England Securities Corp./Tower Square Securities,
Inc./Walnut Street Securities, Inc.} a broker-dealer. (Member FINRA/SIPC).
Past performance isn’t indicative of future performance. An index is unmanaged and one cannot invest directly in an index.
Material discussed is meant for informational purposes only and it is not to be construed as specific tax, legal, or investment advice.
Although the information has been gathered from sources believed to be reliable, it is not guaranteed. Please note that individual
situations can vary therefore, the information should be relied upon when coordinated with individual professional advice. Clients must
rely upon his or her own professional advisor before making decisions with respect to these matters.
Metropolitan Life Insurance Company (MLIC), New York, NY 10166.
Securities offered by MetLife Securities, Inc. (MSI) (FINRA/SIPC).
MLIC and MSI are MetLife companies.

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Metropolitan Life Insurance Company (MLIC), New York, NY 10166.
Securities offered by MetLife Securities, Inc. (MSI) (FINRA/SIPC).
MLIC and MSI are MetLife companies.