Saturday, April 10, 2010

storm clouds....

Where we're at:

DJIA 10,997.35
S&P 500 1,194.37
10-Yr T-Note 3.89%
VIX: 16.14
s&p P/E: 21.86

equity: 30
bond: 31
cash: 39

1 yr: 10.22

The rumors are starting to fly again this year. Apparently CSNA had another weak quarter, orders were lowers than expected and cancellations were higher than expected, so more furloughs (I predicted) and layoffs (I didn't) are coming. Not sure how many, we'll probably get an idea around the end of April before the analyst call. I'm still glad we did our kitchen work, but feel a little stupid for buying the truck. My gut told me to wait until the end of April, but I couldn't. Oh well, we paid cash and we'll cancel the extended service contract to recover ~$1900. Spouse's job still seems solid and she may start earning commission this year.

I think I'll take unemployment for whatever we get this summer, then take vacation for any winter furlough. I still think my job is stable (good review, raise, tight with lead), but if things deteriorate, who knows. The pup survived last year and might be the first to go if we cut anyone. For now, I'll leave investments alone and continue funding retirement. I may cancel the CO trip this summer and we'll have to see about the cruise next year.

I will get a lot of riding in this summer and I'll continue plowing through my data mining studies to increase my marketability. I also may contact a previous colleague to see if he has any work.

Health, family, home, job, investments in that order....

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