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
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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
ALPS ETF TR ALERIAN MLP 00162Q866 909 51,665 SH   SOLE   51,665 0 0
ALTRIA GROUP INC COM 02209S103 897 26,118 SH   SOLE   26,118 0 0
AMAZON COM INC COM 023135106 368 1,178 SH   SOLE   1,178 0 0
AMERICAN TOWER CORP NEW COM 03027X100 1,342 18,098 SH   SOLE   18,098 0 0
ANNALY CAP MGMT COM 035710409 362 31,223 SH   SOLE   31,223 0 0
APPLE INC COM 037833100 305 639 SH   SOLE   639 0 0
AQUA AMERICA INC COM 03836W103 1,203 48,650 SH   SOLE   48,650 0 0
ASTORIA FINL CORP COM 046265104 146 11,733 SH   SOLE   11,733 0 0
AT&T INC COM 00206R102 1,263 37,343 SH   SOLE   37,343 0 0
AUTOMATIC DATA PROCESSING IN COM 053015103 473 6,530 SH   SOLE   6,530 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 343 3,026 SH   SOLE   3,026 0 0
CBL & ASSOC PPTYS INC COM 124830100 1,946 101,909 SH   SOLE   101,909 0 0
CATERPILLAR INC DEL COM 149123101 1,687 20,224 SH   SOLE   20,224 0 0
CHICAGO BRIDGE & IRON CO N V COM 167250109 383 5,650 SH   SOLE   5,650 0 0
CISCO SYS INC COM 17275R102 2,972 126,829 SH   SOLE   126,829 0 0
COCA COLA CO COM 191216100 4,136 109,191 SH   SOLE   109,191 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 939 96,159 SH   SOLE   96,159 0 0
SELECT SECTOR SPDR TR SBI CONS STPLS 81369Y308 3,325 83,538 SH   SOLE   83,538 0 0
COVIDIEN PLC SHS G2554F113 1,540 25,267 SH   SOLE   25,267 0 0
CVS CAREMARK CORPORATION COM 126650100 1,178 20,757 SH   SOLE   20,757 0 0
URANERZ ENERGY CORP COM 91688T104 15 14,000 SH   SOLE   14,000 0 0
DISNEY WALT CO COM DISNEY 254687106 373 5,785 SH   SOLE   5,785 0 0
DUKE ENERGY CORP NEW COM NEW 26441C204 284 4,256 SH   SOLE   4,256 0 0
DU PONT E I DE NEMOURS & CO COM 263534109 351 6,000 SH   SOLE   6,000 0 0
EATON VANCE TX MNG BY WRT OP COM 27828Y108 945 72,275 SH   SOLE   72,275 0 0
EBAY INC COM 278642103 2,131 38,194 SH   SOLE   38,194 0 0
ETFS PLATINUM TR SH BEN INT 26922V101 1,257 9,155 SH   SOLE   9,155 0 0
F5 NETWORKS INC COM 315616102 1,432 16,685 SH   SOLE   16,685 0 0
FIRST LONG IS CORP COM 320734106 1,698 43,695 SH   SOLE   43,695 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 2,194 130,040 SH   SOLE   130,040 0 0
GENERAC HLDGS INC COM 368736104 2,474 58,025 SH   SOLE   58,025 0 0
GENERAL DYNAMICS CORP COM 369550108 911 10,412 SH   SOLE   10,412 0 0
GENERAL ELECTRIC CO COM 369604103 2,328 97,464 SH   SOLE   97,464 0 0
GLAXOSMITHKLINE PLC SPONSORED ADR 37733W105 486 9,685 SH   SOLE   9,685 0 0
GOOGLE INC CL A 38259P508 1,265 1,444 SH   SOLE   1,444 0 0
H&Q HEALTHCARE INVESTORS SH BEN INT 404052102 1,768 73,763 SH   SOLE   73,763 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 3,787 74,849 SH   SOLE   74,849 0 0
HOME DEPOT INC COM 437076102 472 6,229 SH   SOLE   6,229 0 0
HOST HOTELS & RESORTS INC COM 44107P104 1,469 83,155 SH   SOLE   83,155 0 0
INTEL CORP COM 458140100 2,614 114,022 SH   SOLE   114,022 0 0
ISHARES MSCI EMG MKT ETF 464287234 1,072 26,315 SH   SOLE   26,315 0 0
ISHARES U.S. TELECOM ETF 464287713 2,650 96,086 SH   SOLE   96,086 0 0
ISHARES CHINA LG-CAP ETF 464287184 485 13,073 SH   SOLE   13,073 0 0
ISHARES RUSSELL 2000 ETF 464287655 532 4,986 SH   SOLE   4,986 0 0
ISHARES U.S. BAS MTL ETF 464287838 1,768 23,901 SH   SOLE   23,901 0 0
JPMORGAN CHASE & CO COM 46625H100 230 4,448 SH   SOLE   4,448 0 0
KINDER MORGAN ENERGY PARTNER UT LTD PARTNER 494550106 1,408 17,635 SH   SOLE   17,635 0 0
KINGSTONE CO INC COM 496719105 502 95,170 SH   SOLE   95,170 0 0
LAZARD LTD SHS A G54050102 1,297 36,008 SH   SOLE   36,008 0 0
LOCKHEED MARTIN CORP COM 539830109 395 3,100 SH   SOLE   3,100 0 0
NUVEEN NY AMT-FREE MUN INCOM COM 670656107 363 29,654 SH   SOLE   29,654 0 0
NUVEEN DIVER CURRENCY OPPOR COM 67090N109 911 86,933 SH   SOLE   86,933 0 0
NUVEEN QUALITY PFD INCOME COM 67072C105 840 102,988 SH   SOLE   102,988 0 0
OCCIDENTAL PETE CORP DEL COM 674599105 1,478 15,805 SH   SOLE   15,805 0 0
MARKET VECTORS ETF TR OIL SVCS ETF 57060U191 1,436 30,491 SH   SOLE   30,491 0 0
PAYCHEX INC COM 704326107 404 9,934 SH   SOLE   9,934 0 0
PEREGRINE PHARMACEUTICALS IN COM NEW 713661304 15 11,000 SH   SOLE   11,000 0 0
PFIZER INC COM 717081103 2,442 85,002 SH   SOLE   85,002 0 0
PHILIP MORRIS INTL INC COM 718172109 1,467 16,942 SH   SOLE   16,942 0 0
PPL CORP COM 69351T106 2,787 91,735 SH   SOLE   91,735 0 0
PRIMUS TELECOMMUNICATIONS GR COM 741929301 34 10,000 SH   SOLE   10,000 0 0
PROSHARES TR PSHS ULTSH 20YRS 74347B201 6,106 81,120 SH   SOLE   81,120 0 0
POWERSHARES ETF TRUST AERSPC DEF PTF 73935X690 1,456 52,935 SH   SOLE   52,935 0 0
QUALCOMM INC COM 747525103 1,377 20,448 SH   SOLE   20,448 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 6,040 99,616 SH   SOLE   99,616 0 0
SPDR SERIES TRUST BRC HGH YLD BD 78464A417 14,428 362,092 SH   SOLE   362,092 0 0
SPDR INDEX SHS FDS S&P BRIC 40ETF 78463X798 542 23,231 SH   SOLE   23,231 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,241 69,836 SH   SOLE   69,836 0 0
SPDR SERIES TRUST S&P INS ETF 78464A789 958 16,878 SH   SOLE   16,878 0 0
SELECT SECTOR SPDR TR SBI MATERIALS 81369Y100 2,410 57,364 SH   SOLE   57,364 0 0
SELECT SECTOR SPDR TR SBI INT-ENERGY 81369Y506 4,296 51,816 SH   SOLE   51,816 0 0
SELECT SECTOR SPDR TR SBI INT-FINL 81369Y605 6,016 302,223 SH   SOLE   302,223 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 6,387 199,336 SH   SOLE   199,336 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 2,749 21,445 SH   SOLE   21,445 0 0
TETRA TECHNOLOGIES INC DEL COM 88162F105 1,145 91,360 SH   SOLE   91,360 0 0
TUTOR PERINI CORP COM 901109108 6,396 300,000 SH   SOLE   300,000 0 0
UNITEDHEALTH GROUP INC COM 91324P102 2,919 40,763 SH   SOLE   40,763 0 0
UNITED PARCEL SERVICE INC CL B 911312106 1,166 12,756 SH   SOLE   12,756 0 0
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 3,982 106,561 SH   SOLE   106,561 0 0
VANGUARD TAX MANAGED INTL FD FTSE DEV MKT ETF 921943858 1,032 26,064 SH   SOLE   26,064 0 0
VANGUARD INDEX FDS REIT ETF 922908553 1,894 28,640 SH   SOLE   28,640 0 0
VANGUARD INDEX FDS SM CP VAL ETF 922908611 2,860 31,698 SH   SOLE   31,698 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 215 2,455 SH   SOLE   2,455 0 0
VANGUARD INDEX FDS VALUE ETF 922908744 352 5,048 SH   SOLE   5,048 0 0
VERIZON COMMUNICATIONS INC COM 92343V104 1,045 22,399 SH   SOLE   22,399 0 0
WELLS FARGO & CO NEW COM 949746101 1,412 34,169 SH   SOLE   34,169 0 0
WEYERHAEUSER CO COM 962166104 836 29,197 SH   SOLE   29,197 0 0