No IT layoffs in 2011....

Where we're at:

Dow: 12019.42
s&p: 1244.28
10yr: 2.04%
s&p P/E: 20.82
VIX: 27.52

equity: 30
bond: 33
cash: 33

1yr: 5.10%

After a rough start, November recovered a bit during the last week. The US economy does not appear to be failing off a cliff, but Europe is "toying" with the world markets. Apparently Europe was closer to a Lehman event than previously thought, evidenced by the world central bank announcement on Wednesday. I'm still not sure how December will play out, but I'll be happy to collect my yearly dividends and wish this year goodbye (or good buy).

For the first time in 3 years, no IT layoffs. I think we've had enough voluntary turnover to keep our FTE count under control. Management seems to think that we have the right staff for 2012 as well. Our new director has some interesting work planned for 2012, I hope it pans out. I'm due to vest in May, we'll see how the job market looks next summer.