Where we're at:
DJIA 10,424.62
S&P 500 1,102.66
10-Yr T-Note 2.99%
s&p P/E: 20.07
VIX: 23.47
equity: 28
bond: 33
cash: 40
1 yr: 5.52%
The TXT earnings call seemed short and to the point. We had a good quarter, bell especially, however CSNA is worried about a decline back to recession. SD predicts that 2010 will be the trough for this cycle, but who knows. Several times he mentioned that production is being evaluated. My guess is we'll finish out 2010 and maybe have furloughs in 2011. I started my six sigma training this week. I'm enjoying it so far. I think I have a project lined up. I still feel mostly calm about my job. Over the last couple of months, I've had training lined up and I get to meet the TXT CIO next week. I'll have my mid year PMP this week, it should be fine. Spouse is on a roll in her job and it seems more secure.
The market is bouncing around between 1000 and 1100. The 10 year went below 3 since the last post. It seems like the people that have jobs and aren't worried are keeping the economy moving, the rest of us are still hunkered down. We'll keep saving, when I finish my GB I'm going to reward myself with a new bike. I'll have earned it.
Saturday, July 24, 2010
Saturday, July 10, 2010
mid summer blahs...
Where we're at:
DJIA 10,198.03
S&P 500 1,077.96
10-Yr T-Note 3.06%
s&p P/E: 19.62
VIX: 24.98
equity: 28
bond: 32
cash: 40
1 yr: 6.1%
A positive article appeared about TXT in our local paper this week. Scott Donnelly was discussing the investing TXT is doing in Bell and CSNA. We've heard similar discussions internally as well. Perhaps the cost cutting is turning into LT investing. Our lead was on vacation this week, so his boss got a chance to see how things run in his absence. I think some eye-opening occurred. We're starting to get our group a bit more involved in the design and modeling process before the specs are given to the offshore team. Hopefully, the group manager will see some value to front-end work and send more our way.
As I was out running this morning, I began to brainstorm ideas to act less like a 'pig' (using Cramer's terms) and more like a bull or a bear. The older I get, the less I like being slaughtered when Mr. Market decides he is overvalued and the roller coaster goes down. My first thought is when the S&P falls below its 12 month moving average, start buying. When its P/E reaches 25, start selling. I'll do some more research and see how much we'd forsake on the top-end and how much we'd keep on the low side. The bears are becoming more numerous and vocal. The contrarians think that is a good sign, I'm not so sure.
DJIA 10,198.03
S&P 500 1,077.96
10-Yr T-Note 3.06%
s&p P/E: 19.62
VIX: 24.98
equity: 28
bond: 32
cash: 40
1 yr: 6.1%
A positive article appeared about TXT in our local paper this week. Scott Donnelly was discussing the investing TXT is doing in Bell and CSNA. We've heard similar discussions internally as well. Perhaps the cost cutting is turning into LT investing. Our lead was on vacation this week, so his boss got a chance to see how things run in his absence. I think some eye-opening occurred. We're starting to get our group a bit more involved in the design and modeling process before the specs are given to the offshore team. Hopefully, the group manager will see some value to front-end work and send more our way.
As I was out running this morning, I began to brainstorm ideas to act less like a 'pig' (using Cramer's terms) and more like a bull or a bear. The older I get, the less I like being slaughtered when Mr. Market decides he is overvalued and the roller coaster goes down. My first thought is when the S&P falls below its 12 month moving average, start buying. When its P/E reaches 25, start selling. I'll do some more research and see how much we'd forsake on the top-end and how much we'd keep on the low side. The bears are becoming more numerous and vocal. The contrarians think that is a good sign, I'm not so sure.
Subscribe to:
Posts (Atom)
