VLP results

Where we're at:

Dow: 10,143.81
s&p: 1,076.76
10 yr: 3.11%
s&p P/E: 19.53
VIX: 28.53

1 yr: 6.49%

equity: 28
bond: 32
cash: 40

We received a workforce canning update last week, asking for volunteers 55 and older to take voluntary layoff, probably by the end of the year. I heard this week that 97 took the leave, 1 from IT. Lead thought that 300 were sought, a peer thought 100. The 2nd quarter wraps up this week, no news yet about how we're doing. The mood is still pretty somber around the place. I think we'll be like this through 2011 as well.

I decided to make a 401k shift this week. I don't like the Fidelity diversified int'l K and I don't need 3 funds, so I'm dumping the S&P and the Div K. I'll swap into a target date fund in 30 days after the Div K short term trading penalty period. I really like the target date funds because of the low expenses and the auto rebalancing aspect. Still no furloughs or forced layoffs, but we will see in July. The earnings call is July 21.