They raised the rate on the fix income fund to 3.55%. Not much but better than losing money. When I look at all the funds in our plan the fix income fund is number one for the year.
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.
Cramer and KID are clowns. You will lose a lot of money if you listen to them. UTX is not a BUY. Management told you that when they said the strong dollar and a weak China are bad for earnings. Do you think they were lying to you? That has not changed and when they declare their earnings next month we should see that again. This is September and you should not be in the market. What do you think will happen to the markets at the end of the month when the boyz in Congress do not pass a budget? This market is going lower and it will take UTX with it. When the bears raid the brothel they take all the girls. As you have seen UTX is an ugly girl and will do worse. You can try and put as much lipstick as you want on this pig but it will not make a difference. Buying UTX means losing money.
Looks like the FED is going to continue to give my money to the financial institutions. Guess we will have to be happy with the 3.5%. Yellen tells us that when things get better in China she will raise the interest rate. Anyone have any guess as to how long that will be? Guess the next event we have to look forward to is the budget. When I was watching the republican debates some of the participants suggested it might be necessary to deny Obama a budget. They didn't seem to care if we shut down the government. Any guess as to what that will do to the stock market?
I keep thinking maybe the next time but Yellen is like the little boy who kept crying wolf. If it wasn't China there would be another reason. It is always tomorrow but tomorrow never comes. The only thing I know for sure she is taking money from me and giving it to the top 1%. That is why we will never have inflation again. The top 1% is not going to spend the money. To have inflation the money must be in the hands of those who will spend it. That is the main reason we have all the violence going on today. Don't see anything changing. This is the system we have. Maybe if we can get more people like Donald Trump who does not take money from the lobbyist we can change the system.
What do you see that makes you think $82 is the price to get in? I am thinking it is best to wait until the China thing is over. Do not see any gain until after that is over.
For sure all the problems Hayes talked about last quarter are still there. China still weak and the dollar still strong. Maybe Hayes lowered the estimate so they can make it. We will see. Not sure they will go down much even if they miss. It is all about the Fed now. The market is convince they will never see the FED raise rates and that may be enough to keep the market up. If things get too bad they can always try negative interest rates or QE4. They giving my money to the top 1% and wonder why we do not have inflation. We can't have inflation if they don't give me the money so can spend it. This market is too crazy for a sane person.
Who do you think was president when we had the Great Recession? Who do you think allowed the bankers to do their dirty deeds? It happen on Bush's watch. Bush nearly allowed the bankers to destroy our country. America is suffering because the top 1% have all the money. They have the money because of the Golden Rule. Those who have the Gold make the Rules. Obama tried to change the tax structure so the rich pay more but the Republicans don't want that. Not much Obama can do when these boyz are against him. I am betting come December they will try to take the country down again when they do not raise the debt ceiling or give us a budget. They subscribe to the theory that if we give all the money to the top 1% they will create jobs. We have been doing that and it doesn't work. We need to change the system because what we have is not working. The top 1% need to start paying their fair share. The FED needs to stop giving my money to the top 1% and raise interest rates so we can have some inflation. That way I can get a raise on my social security entitlement. Maybe it would be a good idea to give the old folks a raise in their social securty. You need to wake up and understand what is happening before it is too late. It is not about the republicans or democrats. It is about the lobbyist in support of the top 1%. We need to transfer the money from them to the middle class. This is done by changing the tax structure. We can't continue like this because eventually they will have all the money.
When you mention KID I am reminded "That figures never lie but liars figure". The question needs to be ask is why are the top 1% getting more and more money. You do understand this can't go on forever. One way they do it is with the tax structure. Another way the do it is with zero interest rates. Another way they do it is by moving jobs oversea. And on and on. The system we have is broken and we need some leaders in Congress that understand they have to stop listening to the lobbyist and start doing what is right for our country. Did you ever see the documentary The Roosvelts: An Intimate History. Theodore was a republican and Franklin was a democrat but they both had one thing in common. Both went against the big money interest and work towards improving the common man. Now the politicians look forward as to how much money I can make and what kind of good job is waiting when I leave office. They don't care about us it is who will give me the most money. When Obama tried to raise taxes on the wealthy all you heard was the wealthy are paying their fair share. Back in 1950 their fair share was 91%. Why should it be less than that today? I do not like the way we are headed where the top 1% have all the money. Guess if you are the toop 1% everything is fine.
The one thing we have to do is Stop giving all the money to the top 1%. This is happening because of the stupid tax system that has been created by the top 1%. Have to make the top 1% pay their fair share. The only thing holding up the stock market is the zero interest rates and QE. Once they start raising the interest rates and give up on QE the markets will come down. Can the central banks keep the stock market up forever with zero and negative interest rates? I do not know. Have a feeling there will come a time when it all comes tumbling down. Economies around the world including ours are slowing down. We have not gone to negative interest rates yet so I can live on the interest generated by our 401k and on line banking. Cash is best for now. If the banks ever ask me to start paying them not sure what I will do. Do you have any suggestions? Can anyone out there tell us what to do when the banks ask us to pay them to hold our money?
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.
This is an opportunity to get out. UTX will go lower. China is still a mess and the dollar is still strong. What do you think that will do to the earnings in the next month? There is no reason to own UTX stock now. If you listen to the clowns like Cramer and Kid you will lose your money. Bozo and Clarabell live in fantasy land where everyone lives happily ever after. We are still in the September - October time frame. The FED and all the banks around the world are doing their best to keep the markets propped up but there will come a time when printing money no longer workers.
You guys are in the wrong sector. While you guys are losing money big pharma is getting rich. When you can buy a drug that sold for $13.50 a pill and raise the price to $700 a pill now that is a money maker. Doubt if the FDA will do anything since they will get their cut. The CEO of the company was on CNBC and Bloomberg explaining how what he is doing it the right thing to do. How he could come on TV and show everyone his face is beyond my understanding. If I was steal the money from the sick people I would not make my face public. Hilary says she has a plan but she is getting money from big pharma like the rest of these jokers. Like to hear what Donald Trump is going to do with these criminals in big pharma and the FDA. Our country has lost it's way and the criminals have taken over.
If there is no way to generated income from the SA proceeds buying back stock is a good thing. UTC management is not the blame for the slow down in China or the strong dollar. Management is to blame for the way they have structured the company with too much oversea exposure. They reaped the benefits when China was strong now they must accept the blame. I am sure they will receive their bonus even thought the share holders are down for the year. The only people making money on this stock is KID and management. You have worked for the company so you do not see it through an investors eye. Management told you what the problem was during the last earnings call. As an investor you do not buy the stock as long as the dollar is strong and China is weak. There is a good possibility of them missing earnings again. I can not afford to lose my money. If I did I would have to go back to work or take up a life of crime.
How smart is any CEO is determined by the stock price. Management saw this coming before we did and Louie was the fall guy. The fact still remains that a weak China and strong dollar will hurt UTX. How low the stock will go will be determined by the market. During the Great Recession UTX trade down to the low 40's. Do you think that can't happen again? The only people making money on UTX is KID and management. Hayes and the rest of the boyz will still get their big salaries and bonus for the job they are doing. The losers will be the shareholders. Buying a stock for the dividend in this kind of market is stupid. The way these stocks are moving you can lose the dividend in one day. Stay out of the market until after October. November and December are normally good months for the market. I would leave UTX along until things get better in China and the dollar gets stronger. UTX will continue down until their next earnings and they better not miss.
We will find out if the bad news has been factored in when UTX declares it's earnings next month. If you think all the bad news in China is over buy. If you think things are still bad in China and the dollar will stay strong it is not over. Hope UTX invest the $9B wisely. They will no longer have the earnings of Sikorsky. Don't think they can make it up in the money market. They pay very little interest today. You should have suspected a problem UTX when they kicked Louie out. Someone has to take the blame but Louie might not be the only one responsible for the problem.
The house just approved a temporary budget which is good until Dec 11. Then we get to go through this thing again. I want to be positive on the market but this budget thing could be a big problem. Do not see how the market can do good if they shut the government down. Everyone is wondering why Trump has so much support. Anyone who is not a politician has a chance of winning. We have such a sad thing going on in Washington.