The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
AVX Corp COMMON 002444107 1,812 144,161 SH   SOLE   134,681 0 9,480
Abbott Laboratories COMMON 002824100 3,643 87,087 SH   SOLE   77,553 0 9,534
Agrium COMMON 008916108 1,287 14,577 SH   SOLE   13,239 0 1,338
Allstate COMMON 020002101 1,678 24,904 SH   SOLE   24,035 0 869
Amgen Inc COMMON 031162100 8,494 56,652 SH   SOLE   49,676 0 6,976
Anworth Mortgage Asset Corp COMMON 037347101 1,583 339,755 SH   SOLE   319,043 0 20,712
Apple Computer COMMON 037833100 10,105 92,712 SH   SOLE   82,260 0 10,452
Archer-Daniels-Midland COMMON 039483102 6,722 185,140 SH   SOLE   164,031 0 21,108
BB&T Corporation COMMON 054937107 4,071 122,350 SH   SOLE   106,119 0 16,231
Baker Hughes COMMON 057224107 3,619 82,574 SH   SOLE   70,021 0 12,553
Bank of America COMMON 060505104 3,576 264,463 SH   SOLE   211,971 0 52,492
Bank of NY Mellon Corp COMMON 064058100 5,685 154,352 SH   SOLE   132,089 0 22,263
Barrick Gold COMMON 067901108 2,414 177,742 SH   SOLE   147,570 0 30,172
Baxter Int'l COMMON 071813109 3,330 81,062 SH   SOLE   71,232 0 9,830
BHP Billiton COMMON 088606108 596 23,012 SH   SOLE   21,890 0 1,122
Boeing Co. COMMON 097023105 1,290 10,161 SH   SOLE   9,781 0 380
Bristow Group Inc COMMON 110394103 1,602 84,671 SH   SOLE   73,514 0 11,157
Brocade Communications Systems COMMON 111621306 4,811 454,768 SH   SOLE   380,121 0 74,647
CSX COMMON 126408103 891 34,585 SH   SOLE   33,946 0 639
Canadian Imperial Bank of Commerce (CIBC) COMMON 136069101 3,423 45,811 SH   SOLE   39,002 0 6,809
Caterpillar COMMON 149123101 4,734 61,856 SH   SOLE   55,136 0 6,720
Celanese Corp COMMON 150870103 7,349 112,192 SH   SOLE   97,099 0 15,093
Coach COMMON 189754104 7,122 177,656 SH   SOLE   154,222 0 23,434
Corning COMMON 219350105 7,810 373,874 SH   SOLE   327,710 0 46,164
Credit Suisse Group COMMON 225401108 1,066 75,469 SH   SOLE   62,744 0 12,725
Cummins Inc COMMON 231021106 5,095 46,348 SH   SOLE   39,859 0 6,489
Deere & Co. COMMON 244199105 4,985 64,743 SH   SOLE   57,041 0 7,702
Diodes COMMON 254543101 341 16,955 SH   SOLE   11,190 0 5,765
Walt Disney COMMON 254687106 10,117 101,876 SH   SOLE   87,698 0 14,179
Ericsson COMMON 294821608 4,089 407,722 SH   SOLE   353,610 0 54,112
Fifth Third Bancorp COMMON 316773100 3,788 226,988 SH   SOLE   189,417 0 37,571
Fluor COMMON 343412102 3,816 71,066 SH   SOLE   62,939 0 8,127
General Electric Co. COMMON 369604103 1,660 52,206 SH   SOLE   47,536 0 4,670
Gilead Sciences COMMON 375558103 5,832 63,487 SH   SOLE   55,683 0 7,804
Goodyear Tire COMMON 382550101 7,041 213,507 SH   SOLE   183,717 0 29,790
HSBC Holdings PLC COMMON 404280406 1,241 39,879 SH   SOLE   36,933 0 2,946
Halliburton Co. COMMON 406216101 2,595 72,649 SH   SOLE   60,773 0 11,876
HollyFrontier Corp COMMON 436106108 5,047 142,900 SH   SOLE   125,065 0 17,835
Honda Motor COMMON 438128308 1,342 49,082 SH   SOLE   45,112 0 3,970
Ingram Micro COMMON 457153104 5,774 160,777 SH   SOLE   132,784 0 27,993
Intel COMMON 458140100 8,182 252,911 SH   SOLE   225,436 0 27,475
Int'l Business Machines COMMON 459200101 5,513 36,405 SH   SOLE   32,531 0 3,873
iShares MSCI Australia Index ETF 464286103 2,068 107,029 SH   SOLE   107,029 0 0
iShares MSCI Austria Index ETF 464286202 1,986 126,325 SH   SOLE   126,325 0 0
iShares MSCI Belgium Capped Index ETF 464286301 2,046 115,831 SH   SOLE   107,397 0 8,434
iShares MSCI France Index Fund ETF 464286707 907 37,530 SH   SOLE   37,530 0 0
iShares MSCI Taiwan Index ETF 464286731 3,987 287,659 SH   SOLE   277,016 0 10,643
iShares MSCI Switzerland Index ETF 464286749 3,714 124,936 SH   SOLE   120,135 0 4,801
iShares MSCI South Korea Index ETF 464286772 4,314 81,681 SH   SOLE   78,847 0 2,834
iShares MSCI Germany Index Fund ETF 464286806 4,015 156,028 SH   SOLE   150,197 0 5,831
iShares MSCI Netherlands Inves ETF 464286814 4,129 167,844 SH   SOLE   161,691 0 6,153
iShares MSCI Japan Index ETF 464286848 5,883 515,630 SH   SOLE   502,609 0 13,021
iShares MSCI Hong Kong Index ETF 464286871 4,180 211,411 SH   SOLE   203,701 0 7,710
iShares Core U.S. Value ETF 464287663 1,855 14,412 SH   SOLE   7,028 0 7,384
iShares Barclays Agency Bond ETF 464288166 2,567 22,346 SH   SOLE   21,084 0 1,262
iShares JPMorgan USD Emerg Markets Bond ETF 464288281 708 6,420 SH   SOLE   6,341 0 79
iShares Barclays MBS Bond ETF ETF 464288588 5,309 48,496 SH   SOLE   45,765 0 2,731
iShares MSCI All Peru Capped Index Fund ETF 464289842 1,842 69,891 SH   SOLE   69,891 0 0
Jabil Circuit COMMON 466313103 1,926 99,935 SH   SOLE   91,293 0 8,642
Johnson & Johnson COMMON 478160104 6,886 63,638 SH   SOLE   56,896 0 6,742
Keycorp COMMON 493267108 1,395 126,359 SH   SOLE   113,872 0 12,487
Kimberly Clark COMMON 494368103 1,944 14,451 SH   SOLE   13,134 0 1,317
Kohl's COMMON 500255104 4,211 90,346 SH   SOLE   76,050 0 14,297
Lexmark Int'l COMMON 529771107 3,933 117,653 SH   SOLE   105,654 0 11,999
MDC Holdings COMMON 552676108 6,328 252,517 SH   SOLE   219,517 0 33,000
Microsoft COMMON 594918104 10,467 189,509 SH   SOLE   168,176 0 21,333
National Oilwell COMMON 637071101 4,313 138,687 SH   SOLE   121,826 0 16,861
Newmont Mining Corp Holding Co. COMMON 651639106 1,933 72,724 SH   SOLE   68,039 0 4,685
Nippon Telegraph and Telephone COMMON 654624105 6,803 157,324 SH   SOLE   127,570 0 29,754
Norfolk Southern COMMON 655844108 6,643 79,795 SH   SOLE   69,139 0 10,656
Old National Bancorp COMMON 680033107 4,167 341,853 SH   SOLE   295,478 0 46,376
PNC Bank COMMON 693475105 4,957 58,620 SH   SOLE   49,831 0 8,789
PetMed Express COMMON 716382106 2,550 142,406 SH   SOLE   134,445 0 7,961
Pfizer COMMON 717081103 2,326 78,483 SH   SOLE   68,585 0 9,898
Prudential COMMON 744320102 6,628 91,776 SH   SOLE   81,217 0 10,559
Qualcomm COMMON 747525103 1,812 35,430 SH   SOLE   32,702 0 2,728
Rayonier COMMON 754907103 780 31,608 SH   SOLE   27,926 0 3,682
Royal Dutch Shell A COMMON 780259206 2,052 42,343 SH   SOLE   35,953 0 6,391
Staples COMMON 855030102 2,621 237,597 SH   SOLE   204,257 0 33,340
Symantec COMMON 871503108 4,704 255,911 SH   SOLE   227,418 0 28,493
Trinity Industries COMMON 896522109 2,337 127,630 SH   SOLE   111,168 0 16,462
Tutor Perini Corp COMMON 901109108 3,394 218,397 SH   SOLE   187,797 0 30,600
Tyson Foods COMMON 902494103 5,521 82,820 SH   SOLE   71,016 0 11,804
Universal Corp COMMON 913456109 1,507 26,523 SH   SOLE   25,737 0 786
Vanguard Short-Term Bond ETF ETF 921937827 4,004 49,661 SH   SOLE   46,309 0 3,352
Vanguard Total Bond Market ETF ETF 921937835 7,269 87,787 SH   SOLE   83,709 0 4,078
Vanguard Total Stock Market Vipers ETF 922908769 1,721 16,418 SH   SOLE   7,318 0 9,100
Wal-Mart Stores COMMON 931142103 5,290 77,236 SH   SOLE   69,796 0 7,440
Wells Fargo & Co. COMMON 949746101 5,322 110,058 SH   SOLE   96,213 0 13,845
Whirpool COMMON 963320106 6,113 33,896 SH   SOLE   29,593 0 4,303
American Eagle Outfitters COMMON 02553E106 6,648 398,796 SH   SOLE   350,854 0 47,942
Target COMMON 87612E106 6,098 74,111 SH   SOLE   62,915 0 11,196
Total SA ADR COMMON 89151e109 2,753 60,607 SH   SOLE   55,598 0 5,009
The Travelers Companies COMMON 89417e109 2,187 18,741 SH   SOLE   16,992 0 1,749
AT&T Inc COMMON 00206r102 2,124 54,221 SH   SOLE   47,732 0 6,489
Aetna COMMON 00817Y108 10,618 94,506 SH   SOLE   81,329 0 13,177
American Railcar COMMON 02916P103 2,672 65,613 SH   SOLE   58,850 0 6,763
Baxalta Incorporated COMMON 07177M103 3,153 78,039 SH   SOLE   68,084 0 9,954
Benchmark Electronics COMMON 08160h101 5,625 244,053 SH   SOLE   212,909 0 31,144
Biogen Idec COMMON 09062X103 4,376 16,809 SH   SOLE   14,007 0 2,802
CA Inc COMMON 12673P105 6,293 204,376 SH   SOLE   178,010 0 26,366
Capital One Financial COMMON 14040H105 5,106 73,662 SH   SOLE   63,373 0 10,289
Cardinal Health COMMON 14149Y108 1,297 15,829 SH   SOLE   14,891 0 938
Cisco Systems COMMON 17275R102 8,731 306,691 SH   SOLE   267,996 0 38,695
Comcast Corp CL A COMMON 20030N101 8,172 133,787 SH   SOLE   114,499 0 19,287
DSW Inc COMMON 23334L102 2,814 101,826 SH   SOLE   92,722 0 9,104
Direxion Daily Dev Mkts Bull 3X Shrs ETF 25459W789 401 9,092 SH   SOLE   9,092 0 0
Direxion Daily S&P500 Bull 3X Shares ETF 25459W862 372 4,450 SH   SOLE   4,450 0 0
Duke Energy Corp COMMON 26441C204 5,432 67,326 SH   SOLE   57,120 0 10,206
ENI SPA ADR COMMON 26874r108 927 30,684 SH   SOLE   26,606 0 4,078
Entergy COMMON 29364G103 4,380 55,245 SH   SOLE   51,742 0 3,503
Exxon Mobil COMMON 30231G102 5,215 62,389 SH   SOLE   55,732 0 6,657
FedEx Corp COMMON 31428X106 4,789 29,429 SH   SOLE   24,107 0 5,322
First Trust Switzerland AlphaDEX Fund ETF 33737J232 202 5,025 SH   SOLE   5,025 0 0
First Trust Tactical High Yield ETF 33738D408 543 11,459 SH   SOLE   11,459 0 0
First Trust Enhanced Short Maturity ETF 33739Q408 2,170 36,272 SH   SOLE   36,272 0 0
Geo Group COMMON 36162J106 4,484 129,345 SH   SOLE   110,777 0 18,568
General Motors COMMON 37045V100 4,807 152,942 SH   SOLE   129,431 0 23,510
Goldman Sachs Group COMMON 38141G104 2,838 18,080 SH   SOLE   15,052 0 3,028
iShares MSCI Ireland Index ETF 46429B507 1,978 49,207 SH   SOLE   49,207 0 0
iShares Floating Rate Note ETF 46429B655 1,765 35,006 SH   SOLE   32,499 0 2,507
iShares MSCI United Kingdom Index ETF 46434V548 3,744 238,773 SH   SOLE   238,773 0 0
JP Morgan Chase COMMON 46625H100 7,645 129,087 SH   SOLE   113,876 0 15,211
Manpower Inc COMMON 56418H100 8,107 99,570 SH   SOLE   85,015 0 14,555
Market Vectors Emerging Markets High Yield Bond ETF ETF 57061R403 6,895 300,416 SH   SOLE   290,988 0 9,428
McKesson COMMON 58155Q103 3,506 22,294 SH   SOLE   18,331 0 3,963
Merck & Co. COMMON 58933Y105 1,370 25,885 SH   SOLE   25,533 0 352
Metlife COMMON 59156r108 4,732 107,698 SH   SOLE   92,482 0 15,216
Mosaic Company New COMMON 61945c103 3,253 120,469 SH   SOLE   104,691 0 15,778
Oracle COMMON 68389X105 6,130 149,838 SH   SOLE   127,359 0 22,479
PIMCO Income Strategy Fund ETF 72201j104 108 12,300 SH   SOLE   12,300 0 0
PIMCO 0-5 Year High Yield Corporate Bond Index ETF ETF 72201R783 2,722 29,279 SH   SOLE   28,972 0 307
Powershares DB Optimum Yield ETF 73937v106 649 42,098 SH   SOLE   41,301 0 797
SPDR S&P 500 ETF 78462F103 206 1,005 SH   SOLE   888 0 117
SPDR Barclays Short Term High Yield Bond ETF 78468R408 495 19,190 SH   SOLE   18,451 0 739
Sanofi COMMON 80105n105 4,909 122,234 SH   SOLE   108,330 0 13,904
Materials Select Sector SPDR ETF 81369y100 403 8,994 SH   SOLE   8,994 0 0
Health Care Select Sector SPDR ETF 81369y209 2,172 32,049 SH   SOLE   32,049 0 0
Consumer Staples Select Sector SPDR ETF 81369y308 2,200 41,469 SH   SOLE   40,577 0 892
Consumer Discret Select Sector SPDR ETF 81369y407 2,224 28,119 SH   SOLE   27,819 0 300
Financials Select Sector SPDR ETF 81369y605 2,886 128,247 SH   SOLE   126,140 0 2,107
Technology Select Sector SPDR ETF 81369Y803 3,726 83,990 SH   SOLE   82,921 0 1,069
Utilities Select Sector SPDR ETF 81369y886 860 17,331 SH   SOLE   16,853 0 478
Stage Stores COMMON 85254c305 936 116,112 SH   SOLE   113,783 0 2,329
Synchrony Financial COMMON 87165B103 696 24,287 SH   SOLE   21,960 0 2,327
Vanguard Telecom Services ETF ETF 92204A884 767 8,273 SH   SOLE   8,018 0 255
Vanguard Short-Term Corp Bond Index ETF ETF 92206C409 4,027 50,317 SH   SOLE   47,947 0 2,370
Vanguard Mortgage-Backed Securities ETF ETF 92206c771 6,330 118,381 SH   SOLE   112,970 0 5,411
Vanguard Interm-Tm Corp Bond Index ETF ETF 92206C870 7,160 82,366 SH   SOLE   78,199 0 4,167
Waste Management COMMON 94106L109 8,465 143,481 SH   SOLE   124,682 0 18,799
Yamana Gold COMMON 98462Y100 2,657 874,004 SH   SOLE   783,818 0 90,186
Axis Capital COMMON G0692U109 5,883 106,072 SH   SOLE   88,039 0 18,033
Eaton Corp PLC COMMON G29183103 7,362 117,686 SH   SOLE   104,620 0 13,065
Ensco PLC COMMON G3157S106 911 87,837 SH   SOLE   75,203 0 12,634
Marvell Tech COMMON g5876h105 2,631 255,234 SH   SOLE   223,463 0 31,771
Medtronic PLC COMMON G5960L103 1,749 23,323 SH   SOLE   22,581 0 742
Seagate Tech COMMON g7945m107 4,457 129,379 SH   SOLE   112,268 0 17,111
Ship Finance Int'l COMMON G81075106 2,789 200,769 SH   SOLE   187,114 0 13,655
Tsakos Energy COMMON G9108L108 1,249 202,126 SH   SOLE   172,843 0 29,284
Royal Caribbean Cruises COMMON v7780t103 7,360 89,588 SH   SOLE   75,303 0 14,285
Navios Maritime Holdings Inc COMMON Y62196103 672 594,849 SH   SOLE   494,589 0 100,260
TeeKay Shipping COMMON Y8564W103 1,799 207,694 SH   SOLE   177,011 0 30,683