Thanksgiving 2010...

Where we're at:

Dow: 11092
s&p 500: 1189.40
10 yr: 2.8640%
s&p P/E: 21.69
vix: 22.22

equity: 30
bond: 31
cash: 39

1 yr: 4.18%

4 days off, including the weekend, yahoo! Well, we've worked for the benovolent dictator for about 2 weeks now and we're slowly adjusting to his style. I'm still not sure about him, but for now I'm trying to make it to May 2012 (5 yrs and vested). The rumor is October continued the downward spiral as far as the financials went. Hopefully, that was planned for. The production furloughs have been announced, but that's all. I'll still plan for a furlough in 2011 and possibly more layoffs. We're continuing to hold back on major things for ourselves.

A MS fixed income plan clued me into convertible bonds, so I'm going to move some bond gains over to convertibles and move down some in quality and up in yield with some potential for a stock gain when the bonds are converted. I'll start with a fixed price entry point about $2 below the current price. I'm also looking for an entry point for small cap non-US stocks so I'm prowling around until a mild correction to enter.

new boss....

Where we're at:

DJIA 11,192.58
S&P 500 1,199.21
10-Yr T-Note 2.76%
s&p P/E: 21.87
VIX: 20.61

equity: 30
bond: 32
cash: 38

1 yr: 5%

Well, our lead is off to bigger and better and we report to the self described "benevolent dictator". He was joking, but I'm taking him seriously. We'll see how it goes. Officially, no back-office furloughs for 2010. We'll see about 2011. I'm focusing on keeping a positive attitude, getting what I can out of TXT, and getting vested. Spouse continues to rock on.

We had a dip this week as the market digests the mid-terms and QE2. Interests rates are perking up on the intermediate and long end, so we'll have to watch. EWC hit my target last week, so I sold my position. I should get more CND exposure at the beginning of 2011 when VGTSX is reconfigured to its new target index.