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
Abbott Laboratories COMMON 002824100 7,647 133,996 SH   SOLE   119,641 0 14,355
Aetna COMMON 00817y108 14,144 78,411 SH   SOLE   68,515 0 9,896
Agrium COMMON 008916108 2,313 20,110 SH   SOLE   17,990 0 2,120
Alaska Air Group COMMON 011659109 1,060 14,427 SH   SOLE   13,426 0 1,001
Allianz SE COMMON 018805101 2,243 97,663 SH   SOLE   93,131 0 4,532
Allstate COMMON 020002101 1,475 14,083 SH   SOLE   12,947 0 1,136
Alphabet Inc Class A COMMON 02079k305 374 355 SH   SOLE   355 0 0
Alphabet Inc Class C COMMON 02079k107 392 375 SH   SOLE   375 0 0
Amazon.com COMMON 023135106 465 398 SH   SOLE   398 0 0
American Eagle Outfitters COMMON 02553e106 6,956 370,026 SH   SOLE   330,340 0 39,686
American Railcar COMMON 02916p103 2,326 55,853 SH   SOLE   52,644 0 3,209
Amgen Inc COMMON 031162100 9,992 57,459 SH   SOLE   51,669 0 5,790
Anworth Mortgage Asset Corp COMMON 037347101 1,929 354,554 SH   SOLE   326,037 0 28,517
Apple Computer COMMON 037833100 14,757 87,199 SH   SOLE   78,908 0 8,292
Archer-Daniels-Midland COMMON 039483102 6,936 173,065 SH   SOLE   155,501 0 17,565
AT&T Inc COMMON 00206r102 2,068 53,197 SH   SOLE   49,729 0 3,468
AVX Corp COMMON 002444107 2,277 131,605 SH   SOLE   123,502 0 8,103
AXA SA COMMON 054536107 1,137 38,326 SH   SOLE   37,321 0 1,005
Axis Capital COMMON g0692u109 4,701 93,539 SH   SOLE   81,208 0 12,331
Baker Hughes a GE Company COMMON 05722g100 2,132 67,392 SH   SOLE   60,470 0 6,922
Bank of America COMMON 060505104 8,131 275,448 SH   SOLE   235,004 0 40,444
Bank of NY Mellon Corp COMMON 064058100 6,550 121,606 SH   SOLE   105,494 0 16,111
Barrick Gold COMMON 067901108 2,465 170,352 SH   SOLE   146,804 0 23,548
BB&T Corporation COMMON 054937107 5,801 116,681 SH   SOLE   104,591 0 12,090
Benchmark Electronics COMMON 08160h101 4,936 169,625 SH   SOLE   147,462 0 22,163
Berkshire Hathaway CL B COMMON 084670702 396 1,999 SH   SOLE   1,999 0 0
BHP Billiton COMMON 088606108 854 18,570 SH   SOLE   17,699 0 871
Biogen Idec COMMON 09062x103 5,511 17,300 SH   SOLE   15,154 0 2,146
Boeing Co COMMON 097023105 2,521 8,550 SH   SOLE   7,974 0 576
Brighthouse Financial COMMON 10922n103 398 6,792 SH   SOLE   5,842 0 950
CA Inc COMMON 12673p105 6,503 195,412 SH   SOLE   174,155 0 21,257
Canadian Imperial Bank of Commerce (CIBC) COMMON 136069101 4,374 44,905 SH   SOLE   40,129 0 4,776
Capital One Financial COMMON 14040h105 7,515 75,464 SH   SOLE   67,468 0 7,996
Cardinal Health COMMON 14149y108 1,377 22,478 SH   SOLE   21,583 0 895
Carnival Corp COMMON 143658300 1,527 23,001 SH   SOLE   22,428 0 573
Caterpillar COMMON 149123101 9,226 58,549 SH   SOLE   52,894 0 5,655
Celanese Corp COMMON 150870103 10,568 98,689 SH   SOLE   86,307 0 12,382
Cisco Systems COMMON 17275r102 11,206 292,575 SH   SOLE   262,398 0 30,177
Comcast Corp CL A COMMON 20030n101 9,904 247,288 SH   SOLE   218,500 0 28,788
Consumer Discret Select Sector SPDR ETF 81369y407 3,852 39,032 SH   SOLE   38,475 0 557
Consumer Staples Select Sector SPDR ETF 81369y308 7,409 130,237 SH   SOLE   129,517 0 720
Corning COMMON 219350105 11,634 363,679 SH   SOLE   325,384 0 38,294
Cummins Inc COMMON 231021106 6,260 35,439 SH   SOLE   30,511 0 4,928
CVS Health COMMON 126650100 3,287 45,335 SH   SOLE   41,099 0 4,236
Deere & Co. COMMON 244199105 9,532 60,902 SH   SOLE   54,504 0 6,398
Delta Air Lines COMMON 247361702 6,060 108,206 SH   SOLE   95,784 0 12,421
Deutsche Post COMMON 25157y202 1,569 32,976 SH   SOLE   32,310 0 666
Digital Realty Trust COMMON 253868103 6,203 54,462 SH   SOLE   47,941 0 6,521
Direxion Daily Dev Mkts Bull 3X Shrs ETF 25459w789 306 3,706 SH   SOLE   3,706 0 0
Direxion Daily Emrg Mkts Bull 3X Shares ETF 25490k281 321 2,551 SH   SOLE   2,551 0 0
Direxion Daily S&P500 Bull 3X Shares ETF 25459w862 393 8,875 SH   SOLE   8,875 0 0
Direxion Daily Small Cap Bull 3X Shares ETF 25459w847 330 4,691 SH   SOLE   4,691 0 0
DSW Inc COMMON 23334l102 2,070 96,682 SH   SOLE   92,632 0 4,050
Eaton Corp PLC COMMON g29183103 8,907 112,726 SH   SOLE   101,924 0 10,803
Energy Select Sector SPDR ETF 81369y506 8,655 119,780 SH   SOLE   119,196 0 584
Exxon Mobil COMMON 30231g102 5,367 64,162 SH   SOLE   58,689 0 5,473
FedEx Corp COMMON 31428x106 7,551 30,260 SH   SOLE   25,958 0 4,302
Fifth Third Bancorp COMMON 316773100 6,640 218,868 SH   SOLE   189,734 0 29,134
Financials Select Sector SPDR ETF 81369y605 8,780 314,597 SH   SOLE   312,653 0 1,944
Fluor COMMON 343412102 3,719 72,012 SH   SOLE   62,678 0 9,334
Foot Locker COMMON 344849104 2,222 47,389 SH   SOLE   46,103 0 1,286
General Motors COMMON 37045v100 6,871 167,617 SH   SOLE   148,608 0 19,008
Gilead Sciences COMMON 375558103 4,865 67,909 SH   SOLE   62,471 0 5,438
Global X FTSE Colombia 20 ETF ETF 37950e200 4,241 423,209 SH   SOLE   420,256 0 2,953
Goldman Sachs Group COMMON 38141g104 5,329 20,918 SH   SOLE   18,663 0 2,255
Goodyear Tire COMMON 382550101 7,387 228,632 SH   SOLE   205,621 0 23,010
Halliburton Co. COMMON 406216101 3,986 81,557 SH   SOLE   70,381 0 11,177
Health Care Select Sector SPDR ETF 81369y209 8,739 105,698 SH   SOLE   105,047 0 651
HollyFrontier Corp COMMON 436106108 9,754 190,432 SH   SOLE   168,977 0 21,455
Home Depot COMMON 437076102 330 1,740 SH   SOLE   1,740 0 0
Honda Motor COMMON 438128308 1,761 51,677 SH   SOLE   46,792 0 4,885
HSBC Holdings PLC COMMON 404280406 2,560 49,578 SH   SOLE   45,890 0 3,688
Industrial Select Sector SPDR ETF 81369y704 2,347 31,018 SH   SOLE   31,018 0 0
ING Groep NV COMMON 456837103 6,895 373,518 SH   SOLE   325,410 0 48,108
Intel COMMON 458140100 11,809 255,834 SH   SOLE   233,869 0 21,965
Int'l Business Machines COMMON 459200101 7,175 46,765 SH   SOLE   41,935 0 4,830
iShare International Treasury Bond ETF ETF 464288117 5,366 107,501 SH   SOLE   107,501 0 0
iShares Barclays 20 plus Year Treasury Bond ETF 464287432 1,081 8,518 SH   SOLE   8,339 0 179
iShares Barclays 7-10 Year Treasury ETF 464287440 528 5,001 SH   SOLE   4,894 0 107
iShares Barclays MBS Bond ETF ETF 464288588 801 7,514 SH   SOLE   7,191 0 323
iShares Core International Aggregate Bond ETF ETF 46435g672 6,591 126,634 SH   SOLE   126,634 0 0
iShares iBoxx $ Invest Grade Corp Bond ETF 464287242 6,464 53,176 SH   SOLE   51,708 0 1,468
iShares JPMorgan USD Emerging Markets Bond ETF 464288281 4,737 40,805 SH   SOLE   39,831 0 974
iShares MSCI All Peru Capped Index Fund ETF 464289842 5,024 122,600 SH   SOLE   120,421 0 2,179
iShares MSCI Australia Index ETF 464286103 5,444 234,964 SH   SOLE   233,541 0 1,423
iShares MSCI Austria Index ETF 464286202 1,511 61,322 SH   SOLE   56,962 0 4,360
iShares MSCI Belgium Capped Index ETF 464286301 629 29,919 SH   SOLE   25,647 0 4,272
iShares MSCI Brazil Capped Index Fund ETF 464286400 11,155 275,783 SH   SOLE   271,041 0 4,742
iShares MSCI Chile Capped ETF ETF 464286640 6,158 118,055 SH   SOLE   116,392 0 1,663
iShares MSCI France Index Fund ETF 464286707 1,961 62,820 SH   SOLE   61,991 0 829
iShares MSCI Frontier 100 ETF 464286145 438 13,211 SH   SOLE   13,211 0 0
iShares MSCI Germany Index Fund ETF 464286806 4,063 123,045 SH   SOLE   119,791 0 3,254
iShares MSCI Hong Kong Index ETF 464286871 7,198 283,144 SH   SOLE   282,680 0 464
iShares MSCI India Index Fund ETF 46429b598 6,060 168,005 SH   SOLE   164,367 0 3,638
iShares MSCI Indonesia Index ETF 46429b309 4,488 157,853 SH   SOLE   152,938 0 4,915
iShares MSCI Italy Capped Index ETF 46434g830 5,004 164,386 SH   SOLE   163,250 0 1,136
iShares MSCI Japan Index ETF 46434g822 7,672 128,014 SH   SOLE   126,757 0 1,257
iShares MSCI Netherlands Fund ETF 464286814 1,768 55,709 SH   SOLE   52,501 0 3,208
iShares MSCI New Zealand Index ETF 464289123 6,118 128,890 SH   SOLE   127,043 0 1,847
iShares MSCI Philippines Index ETF 46429b408 328 8,454 SH   SOLE   7,245 0 1,209
iShares MSCI Poland Capped Investable Market Index Fund ETF 46429b606 5,233 193,157 SH   SOLE   188,424 0 4,733
iShares MSCI South Africa Index ETF 464286780 6,793 97,058 SH   SOLE   94,332 0 2,726
iShares MSCI South Korea Index ETF 464286772 8,603 114,810 SH   SOLE   112,292 0 2,518
iShares MSCI Spain Capped Index ETF 464286764 6,081 185,568 SH   SOLE   184,609 0 959
iShares MSCI Switzerland Index ETF 464286749 4,160 116,918 SH   SOLE   113,577 0 3,341
iShares MSCI Taiwan Index ETF 46434g772 4,167 115,075 SH   SOLE   111,303 0 3,772
iShares MSCI Thailand Capped ETF ETF 464286624 8,337 90,126 SH   SOLE   88,475 0 1,651
iShares MSCI United Kingdom Index ETF 46435g334 6,936 193,632 SH   SOLE   192,277 0 1,355
iShares National Muni Bond ETF ETF 464288414 1,895 17,113 SH   SOLE   16,748 0 365
iShares Russell 2000 Value Index ETF 464287630 2,869 22,814 SH   SOLE   22,706 0 108
Jabil Inc. COMMON 466313103 3,128 119,166 SH   SOLE   106,333 0 12,833
Johnson & Johnson COMMON 478160104 8,786 62,884 SH   SOLE   57,570 0 5,314
JP Morgan Chase COMMON 46625h100 12,228 114,346 SH   SOLE   102,240 0 12,106
Juniper Networks COMMON 48203r104 672 23,579 SH   SOLE   23,579 0 0
Keycorp COMMON 493267108 2,345 116,244 SH   SOLE   101,266 0 14,978
Kimberly Clark COMMON 494368103 5,137 42,578 SH   SOLE   36,918 0 5,660
Kimco Realty Corp COMMON 49446r109 2,441 134,470 SH   SOLE   130,806 0 3,664
Kohl's COMMON 500255104 5,205 95,977 SH   SOLE   84,299 0 11,678
Kroger COMMON 501044101 2,030 73,955 SH   SOLE   72,593 0 1,362
Lowe's Companies COMMON 548661107 5,113 55,011 SH   SOLE   46,921 0 8,090
Manpower Inc COMMON 56418h100 8,080 64,069 SH   SOLE   56,604 0 7,465
Market Vectors Emerging Markets High Yield Bond ETF ETF 92189f353 6,565 268,172 SH   SOLE   263,139 0 5,033
Market Vectors Russia ETF ETF 92189f403 5,863 276,432 SH   SOLE   270,651 0 5,781
Marvell Tech COMMON g5876h105 5,656 263,418 SH   SOLE   238,521 0 24,897
Materials Select Sector SPDR ETF 81369y100 2,613 43,161 SH   SOLE   43,161 0 0
McKesson COMMON 58155q103 3,576 22,928 SH   SOLE   19,963 0 2,965
MDC Holdings COMMON 552676108 8,581 269,167 SH   SOLE   239,314 0 29,853
Medtronic PLC COMMON g5960l103 2,031 25,150 SH   SOLE   23,435 0 1,715
Merck & Co. COMMON 58933y105 2,485 44,161 SH   SOLE   42,782 0 1,379
Metlife COMMON 59156r108 5,530 109,377 SH   SOLE   98,014 0 11,363
Microsoft COMMON 594918104 14,251 166,599 SH   SOLE   149,514 0 17,085
Mosaic COMMON 61945c103 3,824 149,027 SH   SOLE   132,880 0 16,148
National Oilwell COMMON 637071101 4,986 138,410 SH   SOLE   124,256 0 14,154
Netapp Inc COMMON 64110d104 1,118 20,216 SH   SOLE   19,997 0 219
Newmont Mining Corp Holding Co. COMMON 651639106 2,844 75,804 SH   SOLE   71,519 0 4,285
Nike Inc. COMMON 654106103 5,995 95,847 SH   SOLE   84,903 0 10,944
Nippon Telegraph and Telephone COMMON 654624105 4,144 87,730 SH   SOLE   75,678 0 12,053
Norfolk Southern COMMON 655844108 9,736 67,192 SH   SOLE   59,276 0 7,916
Oceaneering Int'l COMMON 675232102 1,376 65,078 SH   SOLE   56,620 0 8,457
Old National Bancorp COMMON 680033107 5,841 334,732 SH   SOLE   295,647 0 39,085
Oracle COMMON 68389x105 7,140 151,016 SH   SOLE   133,033 0 17,982
Pfizer COMMON 717081103 3,171 87,558 SH   SOLE   77,532 0 10,026
Physicians Realty Trust COMMON 71943u104 2,292 127,404 SH   SOLE   119,306 0 8,098
PIMCO 0-5 Year High Yield Corporate Bond Index ETF ETF 72201r783 4,661 46,387 SH   SOLE   45,140 0 1,247
PNC Financial COMMON 693475105 7,771 53,860 SH   SOLE   47,691 0 6,169
PowerShares DB Optimum Yield Commodity ETF 73937v106 1,092 62,596 SH   SOLE   62,596 0 0
Powershares S&P 500 Consumer Discretionary ETF 73937b506 382 6,253 SH   SOLE   6,253 0 0
Proctor & Gamble COMMON 742718109 225 2,445 SH   SOLE   2,445 0 0
Prudential COMMON 744320102 10,029 87,228 SH   SOLE   78,767 0 8,461
Qualcomm COMMON 747525103 5,810 90,750 SH   SOLE   81,942 0 8,808
Rayonier COMMON 754907103 995 31,454 SH   SOLE   27,753 0 3,701
Real Estate Select SPDR ETF 81369y860 1,632 49,543 SH   SOLE   49,135 0 408
Regency Centers COMMON 758849103 4,184 60,484 SH   SOLE   51,268 0 9,216
Royal Caribbean Cruises COMMON v7780t103 9,760 81,823 SH   SOLE   70,469 0 11,354
Royal Dutch Shell A COMMON 780259206 3,112 46,647 SH   SOLE   40,254 0 6,393
Sanofi COMMON 80105n105 4,308 100,185 SH   SOLE   88,251 0 11,934
Schlumberger COMMON 806857108 1,221 18,118 SH   SOLE   16,963 0 1,155
Seagate Technology COMMON g7945m107 8,942 213,710 SH   SOLE   191,577 0 22,132
Ship Finance Int'l COMMON g81075106 3,425 220,945 SH   SOLE   203,115 0 17,830
Shire Pharmaceuticals COMMON 82481r106 4,518 29,128 SH   SOLE   26,145 0 2,983
Siemens AG COMMON 826197501 2,158 31,158 SH   SOLE   28,268 0 2,890
Societe Generale COMMON 83364l109 996 96,144 SH   SOLE   93,287 0 2,857
SPDR Bloomberg Barclays 1-3 Month T-Bill ETF ETF 78468r663 11,342 124,097 SH   SOLE   124,097 0 0
SPDR S&P Emerging Markets Small Cap ETF 78463x756 6,581 126,549 SH   SOLE   125,826 0 723
Symantec COMMON 871503108 6,857 244,352 SH   SOLE   221,411 0 22,941
Synchrony Financial COMMON 87165b103 1,862 48,222 SH   SOLE   45,456 0 2,766
Tapestry Inc COMMON 876030107 7,615 172,168 SH   SOLE   154,451 0 17,717
Target COMMON 87612e106 4,472 68,543 SH   SOLE   60,002 0 8,541
Technology Select Sector SPDR ETF 81369y803 5,126 80,162 SH   SOLE   78,892 0 1,270
Total SA COMMON 89151e109 3,822 69,143 SH   SOLE   64,490 0 4,653
Trinity Industries COMMON 896522109 4,323 115,394 SH   SOLE   104,290 0 11,104
Tsakos Energy COMMON g9108l108 2,217 566,948 SH   SOLE   490,750 0 76,198
Tutor Perini Corp COMMON 901109108 4,381 172,818 SH   SOLE   152,473 0 20,345
Tyson Foods COMMON 902494103 6,126 75,560 SH   SOLE   66,829 0 8,732
United Technologies COMMON 913017109 217 1,700 SH   SOLE   1,700 0 0
Utilities Select Sector SPDR ETF 81369y886 4,712 89,448 SH   SOLE   89,206 0 242
VanEck Vectors Semiconductor ETF ETF 92189f676 1,197 12,241 SH   SOLE   12,241 0 0
Vanguard Emerging Markets Government Bond ETF ETF 921946885 3,922 48,865 SH   SOLE   48,865 0 0
Vanguard Interm-Tm Corp Bond Index ETF ETF 92206c870 1,600 18,306 SH   SOLE   17,520 0 786
Vanguard Mortgage-Backed Securities ETF ETF 92206c771 927 17,681 SH   SOLE   17,681 0 0
Vanguard Short-Term Bond ETF ETF 921937827 5,212 65,887 SH   SOLE   65,423 0 464
Vanguard Short-Term Corp Bond Index ETF ETF 92206c409 235 2,962 SH   SOLE   2,962 0 0
Vanguard Total Bond Market ETF ETF 921937835 1,362 16,696 SH   SOLE   15,787 0 909
Verizon Communications COMMON 92343v104 4,388 82,897 SH   SOLE   74,994 0 7,903
Walgreens Boots Alliance COMMON 931427108 2,024 27,874 SH   SOLE   25,616 0 2,258
Wal-Mart Stores COMMON 931142103 7,956 80,566 SH   SOLE   74,087 0 6,479
Walt Disney COMMON 254687106 11,432 106,334 SH   SOLE   95,310 0 11,024
Wells Fargo & Co. COMMON 949746101 6,205 102,278 SH   SOLE   92,756 0 9,522
Whirpool COMMON 963320106 6,246 37,038 SH   SOLE   33,635 0 3,403
Williams Sonoma COMMON 969904101 2,233 43,197 SH   SOLE   39,332 0 3,865
Yamana Gold COMMON 98462y100 2,346 751,843 SH   SOLE   699,715 0 52,128
Zimmer Biomet COMMON 98956p102 5,588 46,305 SH   SOLE   40,887 0 5,418