layoff drizzle...

Where we're at:

DJIA 11,118.49
S&P 500 1,183.26
10-Yr T-Note 2.61%
s&p P/E: 21.61
VIX: 21.20

equity: 30
bond: 32
cash: 38

1 yr: 5.0%

The energizer bunny market continues on (takes a macro licking be keeps ticking). Still over 11,000, not sure why. Lead took yet another week off, however changes appears to be headed our way. The group lead went over the IT reorg changes this week that he could talk about, but hinted that his team will change. I think that either our lead will have a change or another body will join us, or both. We should know more before I post next time.

The group lead mentioned that only production staff are scheduled for 2010 furloughs, so I may have dodged another bullet. We'll keep saving as much as we can to prepare for a down 2011. It does sound like CSNA has R&D in the pipeline for next year and 2012 though.