what a quarter...

Where we're at:

DJIA 12,376.72
S&P 500 1,332.41
10-Yr T-Note 3.45%
s&p P/E: 24.13
VIX: 17.40

equity: 32
bond: 31
cash: 37

1 yr: 8.1

The market is again shrugging off bad news (JPN nuke, Middle East) and concentrating on better domestic news (> job creation and slightly higher employment). It still seems like we're in the 'fed trade'. Buy risk, because risk less does not pay. I have one more IRA deposit for spouse's account (2010), then we're stopping for awhile. My plan is to make a bulk deposit into each of our accounts for cash and then wait for a drop. The 500 P/E is starting to make me nervous, not enough to sell, but definitely to buy.

I should finish my six sigma work this coming week and take my exam the following week. That will make my goal of obtaining the cert by my 4th anniversary. I'm almost comfortable enough to say I'll make it, but not quite. The layoff rumors are starting again, but the source is not reliable, so who knows. My gut says I'm safe for 2011, but who knows for 2012. It helps that there are only 2 of us.