September 4 2010....

Where we're at:

DJIA 10,447.93
S&P 500 1,104.51
10-Yr T-Note 2.71%
VIX 21.31
s&p P/E: 20.28

equity: 28
bond: 33
cash: 39

1 yr 3.57%

Happy 49th to me. I drew the short straw and am on call this weekend, but that's ok. Perhaps I'll score some points with the group lead. Our team lead will probably learn his promotion fate this upcoming week. I still think he has a good chance to go up. It's a toss up what will happen to us, but I think we'll report directly to the group lead. Some pros and cons with that. Regardless there are some things he won't want to do that will roll downhill plus our rotation will only be 4 people.

The market had a bounce this week, ~65,000 net jobs created so it celebrated. Seems wacky, but it wants to go up on ANY good news. Two years and counting since Lehman Bros failed and jumpstarted this mess...