2013...recessionary?

Where we're at:

Dow: 13435
s&p: 1466
10yr: 1.92
s&p P/E: 22.53
VIX: 13.83

equity: 34
bond: 33
cash: 33

1yr (inc cash: 6.1%), (ex cash: 10%)

The infighting in Congress continues, but at least a deal was done.  Only 2 months until the next one.  Our year went well.  Spouse continued her run and out earned me for the first time in 10 years.  She can sell when she is motivated.  For a reward, she is off to CUN for the weekend.  Hopefully not getting too drunk or hooking up :)  We managed to 'move the needle' a bit in 2012 and not sell any winners, that made a real difference in the end of the year.  I unloaded 100 TXT at 24, to rebalance.  Still looking for good investments in 2013, think I'll drink the DG koolaid.

What worked (almost everything)
US and foreign equity
(yes) bonds
REITs

What didn't:
cash (usual suspect)

Who knows when cash will pay anything again. 

Not sure what is in the cards for TXT this year, I don't see a div increase, just continued cost management and capital investment.  Hopefully, biz jets will will recover a bit.  The 1/23 call will be interesting.  I fear the layoff  'clouds' may be gathering again....