Where we're at:
dow: 9995
s&p: 1087.68
10yr: 3.41%
vix: 21.43
s&p P/E: 19.45
equity: 35.8
bond: 31.3
cash: 32.9
1 yr: 8.67
As rumored, the IT layoffs (2nd round) happened on 10/9. I managed to escape getting laid off. My lead knew most of the victims and told me yesterday that they mainly supported "mapper" and other load (I think) apps. One was canned for "political" reasons. He kept telling me that I did not need to worry, but I told him that without positive feedback from mgmt, you don't know what your status is. He says he'll pass that up, but I don't think it matters. The culture is
ingrained to only tell people what they need to know to do their jobs on that particular day.
I also had a PMP review that went ok, ironically the day before the layoffs. For 2010, we're rumored to be furloughed for up to 10 weeks. Not sure how my senior peer will react to that.
Spouse's job seems to be going along fine. She is catching on and they are going to let her start selling next week. We are moving her 401(k) proceeds to where the rest of our investments are to save on costs.
The dow touched 10,000 this week. It seems "too far, too fast". I'll continue with the plan to only add to retirement accounts and not taxable, for now. Since we're both still employed, we are going to spend some money on the house in 2010. Mostly on things that I have wanted for awhile, but also on some new appliances.
Saturday, October 17, 2009
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