Where we're at:
DJIAL 12,681.16
s&p: S&P 500 1,345.02
10 yr: 10-Yr T-Note 2.96%
s&p P/E: 23.77
VIX: 17.52
equity: 32
bond: 32
cash: 36
1yr: 8.4%
What are these people thinking?! We can't let the U.S. default. But, we seem to be heading down that path. The market popped this week, seemingly due to positive 2nd qtr earnings. Next week will tell. The country is collectively holding its breath waiting for the outcome.
The TXT 2nd qtr call was on 7/20, it was uneventful. We reported EPS a bit better than expected so the stock popped the last part of the week. I may sell a bit more at ~30. I have my 6 month review on 7/27, the first one with the new supervisor, I think it will be fine, but I'm always nervous. CSNA continues to 'drip' people every week and not replacing them. No VLP announcement in June, so that was a good sign. Still, 50-50 to make May 2012.
Saturday, July 23, 2011
Saturday, July 02, 2011
4th of July 2011
Where we're at...
DJIA 12,582.77
s&p: S&P 500 1,339.67
10-Yr T-Note 3.20%
s&p P/E: 23.67
vix: 15.87
equity: 32
bond: 32
cash: 36
1 yr: 9.6%
The last week of June the markets stormed back, dow up ~5%. The explanation seems to be another delay for Greece declaring a default. The US economy continues to rock back and forth. Corporations raking in cash, consumers/workers hunkering down. I'm betting a down July or early August, the market has a debt ceiling raise priced in. If it's cut close or delayed, we'll have a drop.
Our team lost a member in June. He had been looking for awhile and needed to leave, he kept looking for an excuse and finally found another local job. Ironically, I applied for the same one, but was rejected. I suspect my options are limited in ICT if another layoff occurs. We've lost 7 in IT since the last layoff and I'm betting at least 3 more will walk by the end of the year (I already know of one more). I like my chances. My peer will be out for a few weeks due to surgery and I'm working to become more visible. But, we'll see. I feel much better about our spending this year, I did it right this time.
DJIA 12,582.77
s&p: S&P 500 1,339.67
10-Yr T-Note 3.20%
s&p P/E: 23.67
vix: 15.87
equity: 32
bond: 32
cash: 36
1 yr: 9.6%
The last week of June the markets stormed back, dow up ~5%. The explanation seems to be another delay for Greece declaring a default. The US economy continues to rock back and forth. Corporations raking in cash, consumers/workers hunkering down. I'm betting a down July or early August, the market has a debt ceiling raise priced in. If it's cut close or delayed, we'll have a drop.
Our team lost a member in June. He had been looking for awhile and needed to leave, he kept looking for an excuse and finally found another local job. Ironically, I applied for the same one, but was rejected. I suspect my options are limited in ICT if another layoff occurs. We've lost 7 in IT since the last layoff and I'm betting at least 3 more will walk by the end of the year (I already know of one more). I like my chances. My peer will be out for a few weeks due to surgery and I'm working to become more visible. But, we'll see. I feel much better about our spending this year, I did it right this time.
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