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 4,110 91,506 SH   SOLE   78,173 0 13,333
Aetna COMMON 00817Y108 10,831 100,179 SH   SOLE   82,925 0 17,254
Agrium COMMON 008916108 1,329 14,875 SH   SOLE   13,537 0 1,338
Allstate COMMON 020002101 1,564 25,191 SH   SOLE   24,362 0 829
American Eagle Outfitters COMMON 02553E106 6,436 415,251 SH   SOLE   355,659 0 59,592
American Railcar COMMON 02916P103 3,215 69,463 SH   SOLE   58,451 0 11,012
Amgen Inc COMMON 031162100 9,500 58,522 SH   SOLE   49,876 0 8,646
Anworth Mortgage Asset Corp COMMON 037347101 1,356 311,757 SH   SOLE   291,590 0 20,167
Apple Computer COMMON 037833100 10,153 96,455 SH   SOLE   83,125 0 13,330
Archer-Daniels-Midland COMMON 039483102 7,054 192,312 SH   SOLE   164,696 0 27,616
AT&T Inc Com COMMON 00206r102 1,836 53,345 SH   SOLE   46,856 0 6,489
AVX Corp COMMON 002444107 1,746 143,814 SH   SOLE   134,334 0 9,480
Axis Capital COMMON G0692U109 6,080 108,146 SH   SOLE   89,816 0 18,330
Baker Hughes COMMON 057224107 4,039 87,530 SH   SOLE   71,645 0 15,884
Bank of NY Mellon Corp. COMMON 064058100 6,699 162,515 SH   SOLE   134,342 0 28,172
Barrick Gold COMMON 067901108 1,328 179,900 SH   SOLE   142,924 0 36,976
Baxalta Incorporated COMMON 07177M103 3,308 84,760 SH   SOLE   71,021 0 13,739
Baxter International COMMON 071813109 3,275 85,849 SH   SOLE   72,234 0 13,615
BB&T Corporation COMMON 054937107 4,850 128,264 SH   SOLE   108,033 0 20,231
Benchmark Electronics COMMON 08160h101 5,379 260,248 SH   SOLE   217,993 0 42,255
BHP Billiton COMMON 088606108 571 22,164 SH   SOLE   21,111 0 1,053
Biogen Idec COMMON 09062X103 5,327 17,389 SH   SOLE   13,921 0 3,468
BioMed Realty COMMON 09063H107 7,466 315,170 SH   SOLE   268,817 0 46,352
Bristow Group Inc COMMON 110394103 2,333 90,078 SH   SOLE   74,953 0 15,125
Brocade Communications Systems COMMON 111621306 4,483 488,346 SH   SOLE   390,636 0 97,710
CA Inc. COMMON 12673P105 5,887 206,138 SH   SOLE   179,317 0 26,822
California Water Service COMMON 130788102 3,447 148,141 SH   SOLE   115,659 0 32,482
Canadian Imperial Bank of Commerce (CIBC) COMMON 136069101 3,069 46,585 SH   SOLE   39,637 0 6,948
Capital One Financial COMMON 14040H105 5,575 77,236 SH   SOLE   64,099 0 13,137
Cardinal Health COMMON 14149Y108 1,355 15,177 SH   SOLE   14,239 0 938
Caterpillar COMMON 149123101 4,248 62,513 SH   SOLE   53,935 0 8,578
Celanese Corp COMMON 150870103 8,001 118,827 SH   SOLE   98,937 0 19,890
Cisco Systems COMMON 17275R102 8,771 322,995 SH   SOLE   271,760 0 51,235
Coach COMMON 189754104 5,790 176,906 SH   SOLE   152,176 0 24,730
Comcast Corp CL A COMMON 20030N101 8,043 142,527 SH   SOLE   118,077 0 24,450
Computer Task Group Inc COMMON 205477102 84 12,675 SH   SOLE   11,633 0 1,042
Corning COMMON 219350105 6,932 379,192 SH   SOLE   332,307 0 46,885
Credit Suisse Group COMMON 225401108 1,827 84,242 SH   SOLE   67,379 0 16,863
CSX COMMON 126408103 918 35,370 SH   SOLE   34,731 0 639
Cummins Inc. COMMON 231021106 4,256 48,362 SH   SOLE   40,281 0 8,080
Deere & Co. COMMON 244199105 4,993 65,466 SH   SOLE   55,734 0 9,732
Diodes COMMON 254543101 390 16,955 SH   SOLE   11,190 0 5,765
Direxion Daily Dev Mkts Bull 3X Shrs ETF 25459W789 454 9,102 SH   SOLE   9,102 0 0
Direxion Daily Emrg Mkts Bull 3X Shares ETF 25459Y686 136 11,842 SH   SOLE   11,842 0 0
Direxion Daily S&P500 Bull 3X Shares ETF 25459W862 373 4,495 SH   SOLE   4,495 0 0
Disney, Walt COMMON 254687106 11,223 106,807 SH   SOLE   89,264 0 17,542
DSW Inc. COMMON 23334L102 2,094 87,782 SH   SOLE   80,448 0 7,334
Duke Energy Corp COMMON 26441C204 5,043 70,636 SH   SOLE   57,933 0 12,704
Eaton Corp PLC COMMON G29183103 6,291 120,896 SH   SOLE   104,491 0 16,405
ENI SPA ADR COMMON 26874r108 836 28,052 SH   SOLE   24,085 0 3,967
Ensco PLC COMMON G3157S106 1,834 119,191 SH   SOLE   102,931 0 16,260
Entergy COMMON 29364G103 4,025 58,880 SH   SOLE   52,642 0 6,238
Ericsson COMMON 294821608 4,744 493,607 SH   SOLE   427,305 0 66,302
Exxon Mobil COMMON 30231G102 4,937 63,333 SH   SOLE   55,068 0 8,265
Fifth Third Bancorp COMMON 316773100 4,771 237,373 SH   SOLE   190,605 0 46,768
First Trust Enhanced Short Maturity ETF 33739Q408 1,539 25,721 SH   SOLE   25,721 0 0
First Trust Switzerland AlphaDEX Fund ETF 33737J232 246 6,127 SH   SOLE   6,127 0 0
First Trust Tactical High Yield ETF 33738D408 2,238 47,643 SH   SOLE   47,643 0 0
First Trust Taiwan AlphaDEX Fund ETF 33737J257 212 7,464 SH   SOLE   7,464 0 0
Fluor COMMON 343412102 3,323 70,383 SH   SOLE   62,551 0 7,832
General Electric Co. COMMON 369604103 1,640 52,657 SH   SOLE   48,044 0 4,613
General Motors COMMON 37045V100 5,234 153,890 SH   SOLE   125,970 0 27,919
Geo Group COMMON 36162J106 3,838 132,745 SH   SOLE   109,077 0 23,668
Gilead Sciences COMMON 375558103 6,456 63,796 SH   SOLE   55,908 0 7,889
Goldman Sachs Group COMMON 38141G104 3,436 19,063 SH   SOLE   15,105 0 3,958
Goodyear Tire COMMON 382550101 7,244 221,739 SH   SOLE   184,567 0 37,172
Halliburton Co. COMMON 406216101 2,658 78,099 SH   SOLE   62,062 0 16,037
HollyFrontier Corp COMMON 436106108 5,938 148,853 SH   SOLE   126,791 0 22,062
Honda Motor COMMON 438128308 1,466 45,927 SH   SOLE   41,957 0 3,970
HSBC Holdings PLC COMMON 404280406 1,588 40,226 SH   SOLE   34,731 0 5,495
Ingram Micro COMMON 457153104 5,264 173,267 SH   SOLE   136,383 0 36,884
Intel COMMON 458140100 9,098 264,095 SH   SOLE   228,131 0 35,963
Int'l Business Machines COMMON 459200101 5,122 37,216 SH   SOLE   32,148 0 5,068
iShares Barclays Agency Bond ETF 464288166 3,878 34,276 SH   SOLE   33,236 0 1,040
iShares Barclays MBS Bond ETF ETF 464288588 7,793 72,358 SH   SOLE   70,002 0 2,356
iShares Core U.S. Value ETF 464287663 2,256 17,713 SH   SOLE   14,818 0 2,895
iShares Floating Rate Note ETF 46429B655 5,047 100,065 SH   SOLE   97,065 0 3,000
iShares JPMorgan USD Emerg Markets Bond ETF 464288281 4,621 43,682 SH   SOLE   42,459 0 1,223
iShares MSCI All Peru Capped Index Fund ETF 464289842 2,076 102,894 SH   SOLE   102,894 0 0
iShares MSCI Hong Kong Index ETF 464286871 4,387 221,349 SH   SOLE   213,831 0 7,518
iShares MSCI Singapore Index ETF 464286673 4,247 413,141 SH   SOLE   399,685 0 13,456
iShares MSCI South Korea Index ETF 464286772 4,341 87,405 SH   SOLE   84,592 0 2,813
iShares MSCI Spain Capped Index ETF 464286764 4,109 145,340 SH   SOLE   140,686 0 4,654
iShares MSCI Sweden Index ETF 464286756 4,365 149,575 SH   SOLE   144,591 0 4,984
iShares MSCI Switzerland Index ETF 464286749 3,998 128,806 SH   SOLE   124,198 0 4,608
iShares MSCI Taiwan Index ETF 464286731 3,991 312,522 SH   SOLE   301,943 0 10,579
Jabil Circuit COMMON 466313103 2,361 101,372 SH   SOLE   92,730 0 8,642
Johnson & Johnson COMMON 478160104 6,753 65,746 SH   SOLE   57,119 0 8,626
JP Morgan Chase COMMON 46625H100 8,985 136,074 SH   SOLE   115,471 0 20,604
Keycorp COMMON 493267108 1,611 122,108 SH   SOLE   109,621 0 12,487
Kimberly Clark COMMON 494368103 1,894 14,880 SH   SOLE   13,563 0 1,317
Kohl's COMMON 500255104 4,470 93,851 SH   SOLE   76,250 0 17,601
Lexmark International COMMON 529771107 3,816 117,591 SH   SOLE   106,989 0 10,602
Manpower Inc. COMMON 56418H100 8,903 105,624 SH   SOLE   86,613 0 19,011
Market Vectors Emerging Markets High Yield Bond ETF ETF 57061R403 4,479 202,501 SH   SOLE   196,279 0 6,222
Marvell Tech COMMON g5876h105 2,922 331,309 SH   SOLE   287,903 0 43,406
MDC Holdings COMMON 552676108 6,668 261,183 SH   SOLE   221,266 0 39,917
Medtronic PLC COMMON G5960L103 1,753 22,788 SH   SOLE   22,046 0 742
Merck & Co. COMMON 58933Y105 1,303 24,665 SH   SOLE   24,313 0 352
Metlife COMMON 59156r108 5,297 109,874 SH   SOLE   93,539 0 16,335
Microsoft COMMON 594918104 10,890 196,291 SH   SOLE   170,123 0 26,167
Mosaic Company New COMMON 61945c103 3,242 117,498 SH   SOLE   100,122 0 17,376
National Oilwell COMMON 637071101 4,647 138,754 SH   SOLE   122,422 0 16,332
Navios Maritime Holdings Inc. COMMON Y62196103 1,455 831,306 SH   SOLE   711,719 0 119,587
Newmont Mining Corp Holding Co. COMMON 651639106 1,275 70,854 SH   SOLE   66,312 0 4,542
Nippon Telegraph and Telephone COMMON 654624105 8,245 207,469 SH   SOLE   169,978 0 37,490
Norfolk Southern COMMON 655844108 7,110 84,058 SH   SOLE   70,121 0 13,937
Old National Bancorp COMMON 680033107 4,652 343,031 SH   SOLE   292,595 0 50,436
Oracle COMMON 68389X105 5,746 157,301 SH   SOLE   128,684 0 28,616
PetMed Express COMMON 716382106 2,494 145,512 SH   SOLE   137,408 0 8,104
Pfizer COMMON 717081103 2,482 76,884 SH   SOLE   66,886 0 9,998
PIMCO 0-5 Year High Yield Corporate Bond Index ETF ETF 72201R783 8,341 91,038 SH   SOLE   88,333 0 2,705
PIMCO Income Strategy Fund ETF 72201j104 108 12,300 SH   SOLE   12,300 0 0
PNC Bank COMMON 693475105 5,651 59,294 SH   SOLE   50,351 0 8,943
Powershares DB Optimum Yield ETF 73937v106 679 43,507 SH   SOLE   42,710 0 797
ProShares Short Russell2000 ETF 74348A210 311 5,000 SH   SOLE   5,000 0 0
Prudential COMMON 744320102 7,774 95,491 SH   SOLE   81,745 0 13,746
Qualcomm COMMON 747525103 982 19,641 SH   SOLE   18,711 0 930
Quality Systems, Inc. COMMON 747582104 1,612 100,020 SH   SOLE   87,540 0 12,480
Rayonier COMMON 754907103 656 29,572 SH   SOLE   26,025 0 3,547
Royal Caribbean Cruises COMMON v7780t103 9,377 92,652 SH   SOLE   75,309 0 17,343
Royal Dutch Shell A COMMON 780259206 2,044 44,633 SH   SOLE   36,520 0 8,114
Sanofi COMMON 80105n105 5,289 124,012 SH   SOLE   106,993 0 17,019
Seagate Tech COMMON g7945m107 4,740 129,288 SH   SOLE   109,861 0 19,427
Ship Finance Int'l COMMON G81075106 3,694 222,935 SH   SOLE   190,805 0 32,130
SPDR Barclays Short Term High Yield Bond ETF 78468R408 7,726 300,754 SH   SOLE   290,880 0 9,874
SPDR S&P 500 ETF 78462F103 217 1,063 SH   SOLE   946 0 117
Stage Stores COMMON 85254c305 1,033 113,397 SH   SOLE   111,476 0 1,921
Staples COMMON 855030102 2,429 256,539 SH   SOLE   212,144 0 44,395
Symantec COMMON 871503108 6,116 291,222 SH   SOLE   254,769 0 36,453
Synchrony Financial COMMON 87165B103 764 25,125 SH   SOLE   22,798 0 2,327
Target COMMON 87612E106 5,641 77,694 SH   SOLE   63,683 0 14,011
TeeKay Shipping COMMON Y8564W103 2,161 218,979 SH   SOLE   180,421 0 38,558
The Travelers Companies COMMON 89417e109 2,026 17,953 SH   SOLE   16,204 0 1,749
Total SA ADR COMMON 89151e109 2,753 61,242 SH   SOLE   53,888 0 7,354
Trinity Industries COMMON 896522109 3,059 127,362 SH   SOLE   111,518 0 15,844
Tsakos Energy COMMON G9108L108 1,592 200,972 SH   SOLE   172,507 0 28,466
Tutor Perini Corp COMMON 901109108 3,688 220,281 SH   SOLE   183,617 0 36,664
Tyson Foods COMMON 902494103 8,337 156,334 SH   SOLE   130,880 0 25,455
Universal Corp. COMMON 913456109 1,497 26,696 SH   SOLE   25,910 0 786
Utilities Select Sector SPDR ETF 81369y886 2,313 53,444 SH   SOLE   52,375 0 1,069
Vanguard Interm-Tm Corp Bond Index ETF ETF 92206C870 12,956 154,074 SH   SOLE   149,520 0 4,554
Vanguard Mortgage-Backed Securities ETF ETF 92206c771 9,200 174,502 SH   SOLE   169,745 0 4,757
Vanguard S&P 500 ETF ETF 922908363 3,409 18,239 SH   SOLE   8,159 0 10,080
Vanguard Short-Term Bond ETF ETF 921937827 3,950 49,644 SH   SOLE   48,143 0 1,501
Vanguard Short-Term Corp Bond Index ETF ETF 92206C409 5,456 69,074 SH   SOLE   67,308 0 1,766
Vanguard Total Bond Market ETF ETF 921937835 12,435 153,970 SH   SOLE   149,411 0 4,559
Wal-Mart Stores COMMON 931142103 4,772 77,850 SH   SOLE   68,339 0 9,511
Waste Management COMMON 94106L109 8,111 151,977 SH   SOLE   127,889 0 24,088
Wells Fargo & Co. COMMON 949746101 6,239 114,774 SH   SOLE   97,059 0 17,715
Whirpool COMMON 963320106 5,199 35,401 SH   SOLE   30,073 0 5,328
Yamana Gold COMMON 98462Y100 1,669 897,553 SH   SOLE   798,437 0 99,116