3rd qtr 2012..

Where we're at:

DJIA: 13343.51
s&p: 1433.19
10yr: 1.77%
s&p P/E: 22.48
VIX: 17.06

equity: 33
bond: 33
cash: 35

1 yr: 8.7%

The TXT call was last Wednesday. Mostly positive, but the company did not meet estimates and was slammed hard (-6%).  Fairly easy to predict, the ("elephant in the room" ) jet manufacturer reported lower deliveries.  The CEO was hit hard throughout the call to forecast 4th qtr and 2013 demand but he held back. The pundits seem to think that the entire business community is (still) waiting for Washington to "grow a pair" and work together.  Hopefully that will happen, but who really knows.  On Thursday, a major CSNA competitor, reported that its efforts to become acquired by a China company were not successful and TXT recovered nicely. 

If I worked for Bell, I would be wondering what I have to do to get some respect?  All they have done is exceed forecasts and deliver strong revenue for the company for the last 2 years.  They continue to have an open position that I have created a draft app for, but I can't seem 'to pull the trigger'.  Part of me is nervous abut the whole defense sequestration stuff and I'm concerned that the v-22 will get cut.  The rest of me thinks we're better off here with my spouse's gig.

Good year for us so far, we're pushing the needle to the right, like I hoped.  A few more years like this one and I may be able to call it a career at 60.  Trying to keep a lid on expenses for the remainder of 2012 and fully fund our HSA and roths.

cruise into the election....

Where we're at:

DJIA 13,610.15
s&p: 1,460.93
10 yr: 1.73%
s&p P/E: 22.91
vix: 14.33

equity: 33%
bond: 33%
cash: 34%

1 yr: 8.7%


I watched the debate on Thursday and became more impressed with Romney.  I don't think it would be the worst thing to happen if he won.  As I have thought, I'll vote for the person that can get Washington to 'work' again.  If it's him, he'll get my vote.  The employment rate surprise on Friday, does seem suspicious, but Welch is an idiot with his tweet.  The guy needs to 'dry up and blow away'. 

The year we're having is a pleasant surprise, up almost 9 for the year.  I like what we own and don't plan on selling anything yet.  But, if TXT hits 30, I'll unload some.   Spouse continues her great year, she is off to headquarters in a couple of weeks.  I actually told her I'll keep an open mind about relocation, if it's ever brought up.  I think I'd have an easier time finding a new job on the East Coast, if the need arises.  We'll see what happens after 10/17 when the 3rd quarter is announced.