Saturday, August 22, 2009

another run...waiting for a fall?

Where we're at:

dow: 9505
s&p: 1026.13
10yr: 3.56%
VIX: 25.01
s&p P/E: 17.72

equity: 34.6
bond: 31.5
cash: 33.9

1 yr -4.04%

Stocks continue to rise on marginally good news, this time existing home sales in July. I made another exchange this week. I moved some money out of stocks and into target funds for our Roth IRAs. V didn't recommend, but I've been wanting to do that. I get to take advantage of professional management and asset movement without having to do it myself. I had been waiting to dump WII anyway.

Another local aviation company canned people this week, but not CSNA (this time). Still holding my breath about our upcoming layoffs. One of my team is out on furlough this next week. We won't be together again until the first week of Oct. The DW seems to be going well. People are using it and the overnight activity is settling down. The consultants are hiding in a conference room, not sure what they are doing besides billing.

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