fed makes a move...

Where we're at:

DJIA 10,402.35
S&P 500 1,109.17
10-Yr T-Note 3.78%
VIX: 20.02
s&p P/E: 20.42

equity 28%
bond 31%
cash 41

1 yr perf: 8.39%

On 2/18 after the markets closed, the FED raised the discount rate from .25 to .50. While this was announced about a week ago, the market was taken by surprise because it anticipated the move to be later on. On 2/19, the market came down but recovered for a small gain. I have frozen 2010 IRA contributions to catch up for 2009. I continue to be more interested in spending than saving. Nothing in the investing world interests me now. Everything seems either too volatile (stocks), too expensive (gold), or rates are too low (cash). So, we'll buy new kitchen flooring, a new vehicle, and take a nice vacation next year. Maybe this is Obama's plan to stimulate the economy.

Work continues to be ok. I had my 2009 review, it went well. Lead seems to get 'it' that I could be doing more. Spouse continues to plod along. I hope she can last at least a year to get through her non-compete. I am going to keep an eye on Cisco opportunities. I think she could do well doing remote sales for them.