On Friday, Aug 28, spouse was notified that her job would be eliminated on 10/2. She was given the option to leave immediately or stay for 30 days to transition. She took it it quite hard, it seemed pretty unexpected. Her sales performance had been improving over the summer and she had received good comments from the division GM. They seemed to have had this in mind for awhile. They pitched having her become a "partner" and sell AT&T and division network services. They assert that she could make more money doing that. After being with this company for 17 years, she was shocked about the news. I think she wants to do the partner thing, but I would honestly rather she look for another full-time gig.
I am still waiting to hear about CSNA layoffs in the 4th quarter, probably by the end of Oct. I still have 4 weeks of furlough to take. I told my lead just because I needed to tell somebody.
Sunday, August 30, 2009
Saturday, August 22, 2009
another run...waiting for a fall?
Where we're at:
dow: 9505
s&p: 1026.13
10yr: 3.56%
VIX: 25.01
s&p P/E: 17.72
equity: 34.6
bond: 31.5
cash: 33.9
1 yr -4.04%
Stocks continue to rise on marginally good news, this time existing home sales in July. I made another exchange this week. I moved some money out of stocks and into target funds for our Roth IRAs. V didn't recommend, but I've been wanting to do that. I get to take advantage of professional management and asset movement without having to do it myself. I had been waiting to dump WII anyway.
Another local aviation company canned people this week, but not CSNA (this time). Still holding my breath about our upcoming layoffs. One of my team is out on furlough this next week. We won't be together again until the first week of Oct. The DW seems to be going well. People are using it and the overnight activity is settling down. The consultants are hiding in a conference room, not sure what they are doing besides billing.
dow: 9505
s&p: 1026.13
10yr: 3.56%
VIX: 25.01
s&p P/E: 17.72
equity: 34.6
bond: 31.5
cash: 33.9
1 yr -4.04%
Stocks continue to rise on marginally good news, this time existing home sales in July. I made another exchange this week. I moved some money out of stocks and into target funds for our Roth IRAs. V didn't recommend, but I've been wanting to do that. I get to take advantage of professional management and asset movement without having to do it myself. I had been waiting to dump WII anyway.
Another local aviation company canned people this week, but not CSNA (this time). Still holding my breath about our upcoming layoffs. One of my team is out on furlough this next week. We won't be together again until the first week of Oct. The DW seems to be going well. People are using it and the overnight activity is settling down. The consultants are hiding in a conference room, not sure what they are doing besides billing.
Saturday, August 08, 2009
furlough week 3 ...
Where we're at:
dow: 9370
s&p: 1010.48
VIX: 24.76
10 yr: 3.85
SandP P/E: 17.34
equity: 35.1
bonds: 30.7
cash: 34.2
1 yr: -4.97%
Another rise in the equity markets this two weeks, the s&p is over 1000 for the first time in ~10 months. Our asset mix is slowly moving to the mix I want. I sold some TXT this week to get down to 10% in the 401(k). I think if the VIX gets much lower I'm going to stop tracking it. I'm getting nervous about how far the equity market has come up since March. I'm not going to sell anything, but I'm going to back off the purchases a bit. The bond market seems to be forecasting a rise in rates. The 10 year rate has risen about 50 basis points in the last 4 weeks. Glad I am switching some intermediate money to short term.
In our weekly meeting, we talked about how the attitude around CSNA seems to be improving. Lead thinks no furloughs next year and possibly a merit increase. A team mate spoke to our director and, based on that, thinks our group may avoid a layoff in the 4th qtr. J is getting good reviews from work and her product knowledge and cold calling is paying off with new sales. Based on that, I'm going to ease into spending some money later in the year and replace our kitchen flooring. I'm also going to take just one day of pay for this week's furlough and carry some vacation into 2010 for next summer.
dow: 9370
s&p: 1010.48
VIX: 24.76
10 yr: 3.85
SandP P/E: 17.34
equity: 35.1
bonds: 30.7
cash: 34.2
1 yr: -4.97%
Another rise in the equity markets this two weeks, the s&p is over 1000 for the first time in ~10 months. Our asset mix is slowly moving to the mix I want. I sold some TXT this week to get down to 10% in the 401(k). I think if the VIX gets much lower I'm going to stop tracking it. I'm getting nervous about how far the equity market has come up since March. I'm not going to sell anything, but I'm going to back off the purchases a bit. The bond market seems to be forecasting a rise in rates. The 10 year rate has risen about 50 basis points in the last 4 weeks. Glad I am switching some intermediate money to short term.
In our weekly meeting, we talked about how the attitude around CSNA seems to be improving. Lead thinks no furloughs next year and possibly a merit increase. A team mate spoke to our director and, based on that, thinks our group may avoid a layoff in the 4th qtr. J is getting good reviews from work and her product knowledge and cold calling is paying off with new sales. Based on that, I'm going to ease into spending some money later in the year and replace our kitchen flooring. I'm also going to take just one day of pay for this week's furlough and carry some vacation into 2010 for next summer.
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