Ouch...

Where we're at:

DJIA  12,369.38
S&P 500  1,295.22
10-Yr T-Note  1.70%
S&P P/E: 20.80
VIX: 25.10

equity: 30
bond: 34
cash: 36

1yr: 1.9%

It looks like Europe is going to bring the world economy down again for the 3rd year, S&P fell  -4.3% this week. Oh well...I am going to go on a a little shopping spree.  I'll add to our int'ls, high-yield bonds, and REITS, a little here and there as we step down from these levels.  My job is like a 'small cap stock', so I can't go crazy.   TXT came back down to earth as well.  I'll wait for some support and then sell to my desired allocation.  It looks like the "big boys" exercised some options in February.  I think I'll keep an eye on their activity more in the future.

Our group is cutting loose 4 of the off-shore team to trim our 2012 budget.  I'm sad to see them go, but they'll be fine, I'm sure the firm has work for them.  But, this may lead to more interesting work for peer and myself.  We'll have to see.  I'm continuing to gain experience in Hadoop, good for current and future opportunities, I think.  No changes to vacation plans in August.