based on this (Saturday) afternoon's news, the Teapublicans are going to drive over the cliff. Too late to pull out of investments at this point, but Monday and Tuesday are not going to be pretty, I fear.
HARTFORD, Conn., Sept. 23, 2013 /PRNewswire/ -- United Technologies Corp. (UTX) today announced the formation of UTC Building & Industrial Systems, combining Otis Elevator Company and UTC Climate, Controls & Security, and named Geraud Darnis as President & CEO of this new organization.
UTC Building & Industrial Systems will be the world's largest high-technology building systems provider with more than 120,000 employees, $29 billion in annual sales and a direct presence in more than 60 countries. The organization's products include Otis elevators and escalators; Carrier heating, air-conditioning and refrigeration systems; and fire and security solutions from brands such as Kidde and Chubb.
note that there is more in the article, link at the UTX summary page.
Is it the FED, Biker, or the politicians who can't say NO to both useful government spending (to expand the economy, rebuild infrastructure, etc) or to porkbarrel waste (which is what the former is, in a district far from my own).
I'll beat Kid to the punch line: UTX is paying 2% AND you'd have seen 30+% growth of capital this year, had you been invested.
Up three bucks, down two bucks, up two bucks, down buck-75. The longer short-term trend is still upward slowly. I'll keep on watching the UTX I still have grow in value, and don't mind one bit that I sold some at $89 & more at $99.
Unless one is a day trader who caught the high, today's trajectory amounted to exactly zero. Laissez les gravite' rolez, kid. It ain't done yet.