shopping...

Where we're at:

DJIA 10,817.65
S&P 500 1,123.53
10-Yr T-Note 2.07%
s&p P/E: 19.39
VIX: 43.05

1yr: 2.94%

equity: 28
bond: 34
cash: 38

Another volatile 2 week period (up, then down), maybe a recession, maybe not. Maybe the Euro survives, maybe not. It seems to be in Germany and France's hand and the US debt downgrade also (from AAA to AA+). I'm not sure what this will mean for TXT, it's been getting hammered (down from 23.41 to 15.21 for the month). One of my team had a skip-level meeting with the CIO. It sounded optimistic, reorg, but no layoffs, we'll see. My lead seems to be giving me a bit more responsibility. We're putting in our DB upgrade next weekend, he seems happy with how that went and is happy that my peer and I are keeping up with the work.

Meanwhile, I'm buying again, mostly stocks and in the tax deferred area. Still trying to get our tax deferred equal or greater than our taxable. Trying to be more 'greedy' than fearful.

S&P Downgrade...

Where we're at:

DJIA 11,444.61
S&P 500 1,199.38
10-Yr T-Note 2.56%
s&p P/E: 20.7
VIX: 32

equity: 30
bond: 32
cash: 38

1 yr: 4.07%

Recession fears have finally caught up with the US equity market and fears about Spain and Italy have driven down the European market. The dow has dropped about 1400 points in the last two weeks. I put some new money to work Friday in spouse's IRA. Glad I held back the 80K after the transfer. I think I'll have an opportunity over the next several months to put more to work. On 8/5 S&P downgraded US sovereign debt to AA+, probably due to the bickering during the debt ceiling debates.

This upcoming week brings another finance month end for CSNA, we'll see if we still have positive momentum going through the 3rd quarter. I had my 6 month review the last week of July, it went ok, but I will be guarded until at least November. However, we've saved enough to remodel the last room we have left, the master bathroom. So, we'll proceed with doing it.