4 yr anniversary...

Where we're at...

DJIA 12,595.75
S&P 500 1,337.77
10-Yr T-Note 3.19%
s&p P/E: 23.64
VIX: 17.07

equity: 32
bond: 32
cash: 36

1 yr: 6.63%

The stock market seems to be following the commodities market. Several down days in a row, followed by an up and down day this week. Oil and precious metals are not sure where to go and the USD seems to be strengthening (slightly). The economy is holding 'its breath' waiting for the Fed to end QE2 and decide where interest rates are going. I continue to like what we own and the sell decisions that I have made this year so far. I may sell some additional small caps if VBK reaches 90. We're still down about a 10% allocation in equities since 2008 and after we moved spouse's old 401k to rollover IRA (2009).

This week I turned over 4 years with TXT, so I'm 75% vested and accrue 3 weeks of vacation. Plan is to continue to keep a lid on discretionary spend until at least after the 2nd quarter call, then depending on 2012 plans open up or tighten further. This year is setting up like a repeat of 2010. Optimism, pessimism, layoffs. The corporate word is still profitable in late 2011, we'll see.