Where we're at
Dow: 9093
S&P: 979.26
10 yr: 3.67%
VIX: 23.09
equity: 34.5
bonds: 30.8
cash: 34.7
1 yr: -5.27
The last two weeks has seen a run up in the market. Several Dow companies reported decent 2nd qtr earnings. This week TXT reports its 2nd quarter earnings, I don't think it will be pretty. The Dow reached 9,000 for the 1st time since Jan. At our last meeting with the director, she exhibited a bit of optimism, but I don't think she really has much of an idea how things are. More layoffs are scheduled for August and IT is still scheduled for the fourth quarter.
Our project went live this week, mostly successful. I was on call and I think I handled it ok. I was available when I needed to be and turned issues around quickly. J had a nice surprise with a large commission check. Because of that, I think I'll scale back my vacation pay for my next 2 weeks of furlough. After a brief drop, the 10 yr treasury has run back up. The bond market still seems to be predicting higher interest rates. I think the Fed will begin to tighten by the end of the year. Oil is still bouncing around, now it's close to $70/barrel again. I think our EWC will eventually play out, just need to give it some time. Fortunately, I am patient :)
Saturday, July 25, 2009
Saturday, July 11, 2009
back to work....
Where we're at:
Dow: 8146
S&P: 879.13
10 yr: 3.30%
VIX: 29.02
SandP P/E: 16.24
equity: 31.7
bond: 32.2
cash: 36.1
1 yr: -7.94
I head back to work on Monday after the first 2 weeks of the CSNA furlough (only 5 weeks to go). TXT decided to cancel the Columbus program this week and take a charge against 2nd quarter earnings. I'm waiting to see what kind of workforce planning e-mails are waiting for me when I return. It's funny, this week I starting having dreams about work and getting laid off. Through this whole period, since Nov, I've not had any subconscious thoughts about work. I hope it isn't a bad omen.
The consultants should be back and our project goes live next week. Hopefully, we'll be able to show our value to the uppers and keep our jobs in the fall. Interest rates (10yr) took a drop this week of about 20 basis points, not sure why. The bond market has been telegraphing inflation all year. I think because the rally is losing some steam, inflation fears must be backing off. I set up an auto exchange to put back the money I took off the table a month ago.
Dow: 8146
S&P: 879.13
10 yr: 3.30%
VIX: 29.02
SandP P/E: 16.24
equity: 31.7
bond: 32.2
cash: 36.1
1 yr: -7.94
I head back to work on Monday after the first 2 weeks of the CSNA furlough (only 5 weeks to go). TXT decided to cancel the Columbus program this week and take a charge against 2nd quarter earnings. I'm waiting to see what kind of workforce planning e-mails are waiting for me when I return. It's funny, this week I starting having dreams about work and getting laid off. Through this whole period, since Nov, I've not had any subconscious thoughts about work. I hope it isn't a bad omen.
The consultants should be back and our project goes live next week. Hopefully, we'll be able to show our value to the uppers and keep our jobs in the fall. Interest rates (10yr) took a drop this week of about 20 basis points, not sure why. The bond market has been telegraphing inflation all year. I think because the rally is losing some steam, inflation fears must be backing off. I set up an auto exchange to put back the money I took off the table a month ago.
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