The party's over....

Where we're at:

DJIA 11,951.91
S&P 500 1,270.98
10-Yr T-Note 2.97%
s&p P/E: 22.46
VIX: 18.86

equity: 31
bond: 32
cash: 37

1 yr: 6%

6 straight weeks of declines following a poor employment report on 6/3 (~50,000 jobs added, 9.1% unemployment). Deja vu from 2010, I'm concerned about the 2nd qtr call in July not sure what will be said. So, we pulled back on the home improvement stuff for now. Work is steady, the SFDC stuff seems to be going well. Glad I volunteered for it. IT management is sending out skip level meeting notices for late 2011 and 2012, that seems optimistic to me. I hope I'm around in Dec. when mine is scheduled.

Since the market is pausing, I'll start dipping a toe in with new money, not much just turning on some automatic stuff in tax deferred accounts.