Nothing has changed. China's economy is still weak. Oil is still going down. We still have to go through September and October. This is the dead cat bounce. Fixed income is the place to be.
The question you should be asking is how much exposure does UTX have to China? That is the stock you are pushing. When you ask how much exposure the US has to China it is my understanding that China is invested in Treasury bills. Not sure what that means if they have to sell them to boost their economy. I am really unclear as to what the devaluation of the world currencies really mean but we are getting ready to find out. QE and negative interest rates are a mystery to me since I have not seen this nonsense in the past. Now the FED has interest rates stuck at zero and will not dare raise them. Not sure what QE is are how it can continue to save us. Everyone wants to blame the shorts. The market is run by financial institution and any thing said on this board will have no effect. $50,,000 is nothing in the whole picture of things. Cash is the best place to be right now because the market is a scary place.
Mr. whiz your sentiment says Hold. If it is such a great buying opportunity why doesn't your sentiment say buy? Doesn't the thousand point swings we are seeing scare you a little? Do you think it might be wise to hold up on the buying until things settle down in China?
What happens if the person bought the stock in his 401k plan and has to take a distribution because he is over 70? For me time is money. I am not a big fan of riding a stock down and back up. Never did that before the Big Recession and not going to do it now. Sometimes stocks never come back. GE is in the same business. Before the Big Recession GE was bumping up against $60. After a 6 year bull market it still has not got to that level. It is not written in stone that UTX has to come back. Even if it does come back there is no reason to own the stock now. Management has told us what the problems are and they are not going away. Not sure how this is going to end but the FED can't lower the interest rates anymore. Maybe we can have QE4. Only KID is making money trading UTX because he knows when to get in and when to get out. Everyone else is under water for the year. Many here worked for the company and in love with the company. From and investors point of view there is no reason to own the stock. In the next 20 years I will be spending my money. When I take my distribution this year I will not be cashing UTX in at a lost.
All the numbers you list are from the past. You do not invest in a company because of past numbers. UTX future looks like this. China is slowing and the dollar is getting stronger. Management told you those things are bad for UTX. I told everyone when UTX busted through 120 it was time to sell. I told everyone when it pop past 100 it was time to sell. I am telling everyone now when October gets here the stock will be lower. You continue to hold UTX you will continue to lose money. This bull has been running non stop for over 6 years it is time to correct. Buying the dip does not work anymore. September is the worse month for the market and October sees the biggest crashes. Give it until after October if you must invest. This is the real world and not the land where KID lives. You will not live happily ever after if you lose your money. It doesn't work that way in the real world. If you are in the market you will lose money. Cash is a better option now. Interest rates are not that high but it is better than losing money.
They bought their helicopter technology from UTX. A slow down in China means a slow down in UTX. They told us this in their last report.
It is not about Republicans or Democrats. They have all lied to us. The problem is the political system. This so call democracy is not real. Our country is run by big money. Big money gives to both the democrats and republicans. Doesn't matter who you elect the results will be the same. Our country is run by the golden rule. Those who have the gold make the rules. This stupid theory that we elect the president is a fantasy. The president is elected by big money. That is why the top 1% have all the money. They have made the rules.
You are correct. I am mostly in cash now and not interested in semiconductors. Not sure how much of their business is oversea but the one year chart does not look good. Looks like it made a double top and headed lower. If I were to buy something I would wait until after October. Looking for a big correction between now and then.
You present yourself as starting out with money then you tell us how poor you were. Not sure what to believe. You seem to think the low interest rate is a big joke. Some people have to live off interest rates and it is a serious problem. You come from the same land as KID. I will put you alone side of KID on my ignore list. You really have nothing of value to say when it comes to investing. Hope you and KID have a happy life in fantasy land.
For sure it is better if someone leave you a lot of money but that doesn't happen for everyone. Some people such as myself have to make money the old fashion way. We earn it. Once you get to a certain point in your life making money is not as important as keeping it. I am at that point. I can live comfortably on what I have so do not want to lose it. Over the years of investing I have found out that wall street will take your money if you are not careful. During 2008 people had built up large amounts of money and the market took them down. Some came back but others had to go back to work. That is not going to happen with me. Even if you start out with a lot of money it is best to keep it. Don't give it to the criminals on wall street. Even when I was making my money I was never in the market during September and October. Made the largest percentage on my money after the market crash of 1987. Haven't had a crash in a while. We are overdue.
Thank you for your intelligent response. The article suggest you can make money due to a stronger currency or the interest rates continuing going lower. Think I would rather have a positive interest rate to start with instead of a currency war. As I said previously this world gets more crazy every year. Taking the interest payments from the people and giving the money to the banks is a bad thing. We have a problem with consumption not investment. Giving the money to the banks is not going to solve that problem. If they give the money to me as interest I will spend it. If they give the money to the banks they will invest it. Kinda like the stupid theory if we give all the money to the rich people they will create jobs. We have given most of the money to the rich folk and they have not created enough good jobs. That is why we are seeing all the violence in the world today. If people have good jobs they do not have time for violence. I have no idea how this is going to end but I am staying mainly in cash. I can get 3.5% in the fix income plan. For the money I have outside the plan I use on line banking. GE capital bank is paying 1.05% which is a good rate for on line banking. Capitol One 360 will pay me .7% on my Roth Ira while I wait for an investment opportunity. For sure I would be aware that September and October historically are very bad for the market. The fact that this bull has been running for over 6 years is also scary. I hate to see anyone lose their money. Many have forgotten 2008 when they rode UTX down to the 40's. It can happen again. For sure UTX is a bad investment now. Management has told us they have problems with the strong dollar and weakness in China. This is not going away. Only KID is making money trading UTX because he knows when to get in and when to get out. KID lives in a happy world. In the real world you can lose your money and then you either go back to work or take up a life of crime.
I have been on this earth 68 years and been investing most of that time. There is something that confuses me and maybe someone can shed some light on it. It is my understanding that Germany is issuing a two year bond with a negative interest rate meaning if you buy their bond you will get less money back after two years. Who would buy a bond like that? It is bad enough paying nothing for your money but if Germany want you to pay them to hold your money wouldn't it be better to bury the money in the backyard? This world seems to be getting more crazy every year. We are very lucky to get the 3.5% but trying to figure out the stupid way they are doing interest rates is impossible. In my younger days I figured I would accumulate enough money and live on the interest never dreaming the FED would give us zero interest rates forever. Any thoughts on how they can get away with negative interest rates?
There is no good reason to own UTX or any other stock now. We haven't seen anything yet. It will get much worse. Why anyone would buy UTX is a mystery to me. They must be listening to KID. KID lives in fantasy land where everyone lives happily ever after. KID is the only one making money in this market because he knows when to buy and when to sell. The truth is UtX is having a problem with the Euro and the slow down in China. Not sure how the currency devaluation is going to end but doesn't look good to me. Cramer tell us the FED is not going to raise interest rates because of China's devaluation. I plan on living the rest of my life with zero interest rates. Apparently the banks are not strong enough yet to pay us interest on our money. Doubt they will ever pay us for our money. Maybe we are looking at Q4. Not sure what is going to happen but it doesn't look good. Stay in cash until October. Crashes have been known to occur in October and that is the month where the market usually bottoms. Nice to be in the fix income fund at times like this.
This looks like the 20 % correction everyone has been looking for. September is historically the worse month for the market. Most market crashes bottom in October. Hold on to your money and you could get a buying opportunity come October. UTX along with the market will go a lot lower. Only KID makes money trading in and out of UTX. The rest of you will lose your money.
UTX is not a good buy right now. In the past it has made it's money buying up companies and robbing the pension funds and selling technology to the Chinese. Those days are over. They cannot make money in a world with a strong dollar and a weak market in China. You may not have noticed but the commodities are going down. That is a sign that growth around the world is slowing. This bull has been going for over 6 years and it is coming to an end. Not sure how the fed will handle it since interest rates are zero. You better get into cash while you still can. If you listen to KID you will lose all your money. In KID's world you never lose money but in the real world it is a different game. A fool and his money are soon parted. Riding UTX down and waiting for it to come back is not a good game plan.