debt ceiling countdown .....

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.