Saturday, October 16, 2010

dodged a bullet (part 3)....

Where we're at:

DJIA 11,062.78
S&P 500 1,176.19
10-Yr T-Note 2.58%
s&p P/E: 21.48
VIX: 19.03

equity: 29
bond: 33
cash: 38

1 yr: 4.2%

Another up week. The dow wants to stay above 11,000. I'm almost at break even on my total stock investment in my IRA. If I get there, I may dump 25% and keep dumping it until the market inevitably falls again. I'd like to lower my basis in that investment to ~dow 9000.

As was widely expected, CSNA WARNed about 700 people on 10/8. I was not one of them (this time). I'm still waiting anxiously for the quarterly call on 10/21. It probably won't be pretty. The tone has been downbeat since the first one in April. I'm still thinking that I'm supposed to be here, but it's hard. Two full years of bad news. The whole area has a cloud over it that probably won't lift for two more years. Spouse continues to rock in her gig. Another good commission for the 3rd quarter. No new bike, just tires for the current one. Now we're waiting for the furlough announcement.

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