Where we're at:
DJIA 10,402.35
S&P 500 1,109.17
10-Yr T-Note 3.78%
VIX: 20.02
s&p P/E: 20.42
equity 28%
bond 31%
cash 41
1 yr perf: 8.39%
On 2/18 after the markets closed, the FED raised the discount rate from .25 to .50. While this was announced about a week ago, the market was taken by surprise because it anticipated the move to be later on. On 2/19, the market came down but recovered for a small gain. I have frozen 2010 IRA contributions to catch up for 2009. I continue to be more interested in spending than saving. Nothing in the investing world interests me now. Everything seems either too volatile (stocks), too expensive (gold), or rates are too low (cash). So, we'll buy new kitchen flooring, a new vehicle, and take a nice vacation next year. Maybe this is Obama's plan to stimulate the economy.
Work continues to be ok. I had my 2009 review, it went well. Lead seems to get 'it' that I could be doing more. Spouse continues to plod along. I hope she can last at least a year to get through her non-compete. I am going to keep an eye on Cisco opportunities. I think she could do well doing remote sales for them.
Saturday, February 20, 2010
Saturday, February 06, 2010
downward trend....
Where we're at:
DJIA: 10,012.23
S&P 500: 1,066.19
10-Yr T-Note: 3.55%
VIX: 26.11
s&p P/E: 19.33
equity: 27
bonds: 32
cash: 41
1yr: 7.68%
The market has come down for the last 4 weeks (~6%). I continue to invest the remaining 2009 IRA balance for both spouse and myself, buying on dips. 2009 showed me what "I am made of" and reinforced my belief in our holdings long term. I'll continue to not invest taxable funds, but will invest tax deferred to try and beat the taxman.
TXT had their 4th qtr earnings call this week. It was mostly downbeat but mentioned that 4th qtr jet orders were better than the previous 3 qtrs combined. In our staff meeting this week, the lead passed down notes from the CSNA SLT call. It was also mostly downbeat, all monitored indicators are still 'red'. However, IT projects are in the works for 2010 and will be announced next week. We may even get some training this year, and my data mining pilot was approved (now I have to find something). Spouse's work is steadily getting better, she is getting more comfortable and has not come home crying in several weeks (month?). We're both very fortunate to be working now and our jobs seem to smoothing out.
DJIA: 10,012.23
S&P 500: 1,066.19
10-Yr T-Note: 3.55%
VIX: 26.11
s&p P/E: 19.33
equity: 27
bonds: 32
cash: 41
1yr: 7.68%
The market has come down for the last 4 weeks (~6%). I continue to invest the remaining 2009 IRA balance for both spouse and myself, buying on dips. 2009 showed me what "I am made of" and reinforced my belief in our holdings long term. I'll continue to not invest taxable funds, but will invest tax deferred to try and beat the taxman.
TXT had their 4th qtr earnings call this week. It was mostly downbeat but mentioned that 4th qtr jet orders were better than the previous 3 qtrs combined. In our staff meeting this week, the lead passed down notes from the CSNA SLT call. It was also mostly downbeat, all monitored indicators are still 'red'. However, IT projects are in the works for 2010 and will be announced next week. We may even get some training this year, and my data mining pilot was approved (now I have to find something). Spouse's work is steadily getting better, she is getting more comfortable and has not come home crying in several weeks (month?). We're both very fortunate to be working now and our jobs seem to smoothing out.
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