events catching up with market...

Where we're at:

DJIA 11,858.52
S&P 500 1,279.20
10-Yr T-Note 3.28%
s&p P/E: 23.17
VIX: 24.44

equity: 31
bond: 32
cash: 37

1yr: 9.7%

The middle east and the turmoil in JPN finally knocked the market back a bit, but not enough for me to buy. It still seems overvalued and time for a 5-10% pullback. So, I'll continue to wait. I'm close on my six sigma project, by the time for my next entry the project will be done and I should certify in April. I'm feeling confident about making 4 years with TXT, but still give my odds at 50/50 for 5 years.

I'm still trying to figure our manager out. When we had a lead, he seemed content to bark out orders and expect them to be followed, now he wants recommendations. I may need to have a one-on-one for clarification. Our IT shop continues to trickle staff out, most seem to head for another aerospace shop. We were told that IT would have no new head count for 3 years, but staff leaving will be replaced. In a macabre way, it's better for the rest of us.