good news..bad news

Where we are:

dow: 8017
SandP: 842.50
VIX: 39.70
10 yr: 2.89
SandP P/E: 14.66

cash 36%
bonds 33%
equity 31%

1 yr -14%

We've had a bit of a rally, up over 20% off the March lows. Now the pundits think we've avoided the collapse and capitalism may yet survive (but thrive..who knows). We moved some sideline cash into ltd term TE bonds and swapped out tot int'l stock for FTSE ex USA to get CND exposure. Think we'll move our IT TE into ltd term to hedge a bit for inflation. Our V rep called today to discuss why I hadn't implemented the fin plan. I explained my concerns (job and otherwise).

On 3/31 CSNA sent out another "workfarce planning update". The economy sucks, so more of you have to go. But, first, will any of you PLEASE leave voluntarily? My situation hasn't changed and, in fact, might be improving. We have a published go-live date and the consultants will be gone the whole month of June. So, somebody will have to be here for support and on-call work. The more I think about it, I think my team needs 3 people, but maybe not 4. So, new guy may be expendable.

Health, family, home, work, and investments...in that order.