$SPY Thoughts II (and $CSCO)

That's two times in two days that sitting on my hands has cost me! $SPY rallied up into the close.

$CSCO news today about the Big Layoffs is the worst secret ever. We all knew it a week or so ago, didn't we? Large companies that dominate an industry tend to grow large and unwieldy over time. I know we hate to see folks lose their jobs, though. Looks like some percentage of the layoffs are from voluntary retirements, and all the folks should be let go by 2012.

Side bar: 2012 is also the end of the Mayan calendar, so the folks who get let go may not need to worry about their future employment, anyway...