waiting....

Where we're at...

DJIA 11,204.28
S&P 500 1,217.28
10-Yr T-Note 3.82%
s&p P/E: 22.28
VIX: 16.62

equity: 30
bond: 30
cash: 40

1 yr: 17%

The TXT 1st quarter earnings call was this week. I listened in over lunch, the CEO seemed to be straight forward about his assessment. CSNA had a bad quarter, low orders and more cancels than expected, but not many more. He stated that the production rate will not change at this time. I interpret that to mean that it is being watched and could change later this year. The rumors are still strong that we'll be furloughed sometime in the summer. The other divisions are performing well, especially industrial.

Spouse's company lost an employee this week to Cerner in KC. They are now looking for 2 people. Hopefully the economists are right and job growth is beginning to occur. Regardless, it will be a long slog out of the muck.