two week bear rally

Where we're at

Dow: 7278
SandP: 768.54
10yr: 2.6250%
VIX: 45.89

equity: 29.1
bond: 27.2
cash: 43.7
YTD: -15.67%


The last 2 weeks have been rough, lots of group on-call, but it seems like we're starting to take control of the warehouse. AJ even seems to act like we work for him occassionally. We had another workforce update, but no new layoffs, just confirming the furloughs. I received a linked in e-mail from Koch Industries about a DBA position. It looks like the one I interviewed for 2 years ago. They seem to have a lot of turnover for those positions. I decided to not apply for WSU's job. I think I'm "supposed" to be at CSNA. at least for now.

J seems to be getting into a groove with making her calls. That's good because she'll need to stay visible to her boss. The market has had a bounce for the last two weeks, mostly due to positive news from Citigroup. The pundits think we're going back down.

3 things I'm confident about: First, higher taxes. With all the deficit spending going on, the only way to pay for it is with higher taxes. Second, higher inflation. The FED has "printed" so much money the only way to "sop" it all up in the future is to raise interest rates and restrict monetary growth. Third, there is so much money on the sidelines, that all the market needs is some good news to drive it back to 10,000.

are we there yet?

Where we're at

cash 45.5
bond 28
equity 26.5

performance -19%

dow 6626
s&p 683
10 year 2.88
VIX 49.33
SandP P/E: 13.14

This week J had her salary cut by 5% and her 401(k) match eliminated by her company. Quite a shock, I thought her job was safer than mine. I think they have laid off ~10 people this year so far. TXT continues to dive down, it closed at 3.75 on 3/6. I have reduced her 401(k) deferral by 4% to try and recover some net pay. I have also reduced my excess fed withholding since we'll get a refund for 2008 and our financial status will be steady or worse through 2009. Bring on 2010.