New job.....

Where we're at:

dow: 14512
s&p: 1556
10 yr: 1.91
VIX: 13.57
s&p P/E: 23.27

equity: 35
bond: 32
cash: 33

1yr: 4.7%

I changed jobs in March, opting for (I hope) a bit more long term security.  Spouse is having a much better March, the first two months of the year were very slow for her and her company.  We'll see how the year goes.  So now we're adjusting to a bit less pay, new insurance coverage, and a bit less tax deferred savings, but I think it will be a good trade off.  I will continue to watch TXT as I have some shares and I am interested in how the company makes out this year.  S&P is still targeting a $39 price, hope they're right, but I don't see it.  The biz jet predictions have been too optimistic for 3 years now.  The call in April will be interesting.

Shortly before I resigned, our team's manager told us he was leaving for a new IT job with another TXT division.  We all knew it was what he was going after when he came on to our team.  We'll see how he does.  I met the new manager shortly before I left, the team seems to be adjusting to that person, although she left for vacation the first week she was in charge.   There have been some rumors of IT staff leaving in Texas, I think some were involuntary.  I feel a bit sorry for my peer, it sounds like I will be replaced, but who knows how long that will take and he'll be probably on-call a bit more than before.

I have been in my new job about 2 weeks now, the people have been friendly and the work seems to be what was advertised, but we'll see....

I am waiting for a pullback, before I invest more spouse IRA money, the goal is still to empty her rollover cash into equities, but the market seems too high right now.  I like everything else we own, except for some of the TXT stock :)

March 2013.....

Where we're at:

Dow: 14089
s&p: 1518.20
10yr: 1.85%
VIX: 15.36
s&p P/E: 23.39

equity: 34
bond: 32
cash: 33

1yr: 4.7%

Well...the sequester happened and the world hasn't ended yet.  Not sure what the impact to TXT will be.  The stock took a hit on Friday, -1.32%.  I remember Scott D. was pretty confident we would not get to this point during the 2012 Q3 call, wonder what he thinks now.  Our group manager is off to bigger and better, it is a good move for him and deserved.  Not sure what it means for our team.  We've been put on notice that our application is not meeting expectations and we have to step up our performance.  Spouse is having a rough start this year so far, I think the economy is just holding everyone back (what's new?).

We gave back some gains in February, the AAII index is pulling back as well.  People have easily given up their bullish outlook, me I'm waiting to buy again :)  I'm learning about technical analysis to take some of the emotion out of when to sell, it is kind of fun, though I still like our holdings.  My goal is to invest a chunk of cash in spouse's IRA.