spouse found a new job

Where we're at:

dow: 9820
s&p: 1068.30
10 yr: 3.47%
s&p P/E: 19.08
VIX: 23.92


equity: 35.6
bond: 31.3
cash: 33.1

1 yr: -1.32

I'm very proud of my wife. Just 3 weeks ago she was laid off from her job of 17 years. She contacted the people she knew from her customer base, friends, and acquaintances. From this list, she received some help that ultimately led to an opportunity that seems like a good fit.

We'll still be on her insurance for another month, by then (end of Oct.) I should know about my job. My gut still "tells" me that I am safe for now, but who knows. We are hearing that overnight support will continue for the DW for awhile and there seems to be enough work for 3 internal + 2 offshore resources. 2010 will still be up and down. Hopefully if I make it through this cut, CSNA is staffed correctly. Fourth week of furlough starts on 9/28.

The market continues to run up, it still seems too far too fast, so I'm cutting back our investments except for tax deferred accounts.

down...then up

Where we're at
Dow: 9441
S&P: 1016.40
10 yr: 3.44%
VIX: 25.26
S&P p/e: 17.55

equity: 34.4
bonds: 31.7
cash: 33.9

1 yr: -2.97

The market continued a 4 day down trend, then ticked up the last two days of the week. We continue to eek toward a positive return for 1 yr. Considering what happened in the 4th qtr of 2008, I never would have anticipated that. The 10 yr is edging down, probably because any recovery will be modest for awhile, so no need to hike rates. I'm sticking with my prediction that unemployment remains >8% through Obama's term and he goes down in flames in the 2012 election.

Spouse is getting the word out and is getting some nice leads in the local job market. I'm cautiously optimistic that she may have something by the end of the year. My team peer remains optimistic that we're safe for the 4th quarter round of layoffs. I hope he is right.