I watch the testimony today on Bloomberg. Can't understand why are Congress is against capitalism. Shouldn't people who own the drugs be able to charge what they want. If I owned a drug and you had a disease shouldn't I have the right to find out how much money you have and then charge you that amount. I am sure KID would agree with me since he is a good capitalist. The blame does not all go to Shkreli but to the system we have. That is why 1% of the population have most of the money. We have to get someone in there that is not part of the system. The same old politicians will not change anything. Scared to death that Hilary is going to win.
Finished watching the movie last night. The important thing we should get from the movie is the SEC had an opportunity to stop this fraud years before it ended. They ignored information given to them and allowed it to go on. These are the people who are suppose to keep us safe from fraud. They sit in their office watching porno films and collect their paycheck. As far as I know non of the bankers responsible for the melt down never went to jail. Jon Corzine and ex senator took MF Global down but haven't heard of him going to jail. During the last melt down I was scared indeed. I realized the importance of diversification. I removed one third of my assets from my 401k and put them in Roth IRA and on line banking. Keep your money in different places. That makes it harder to steal. There are criminals out there that will steal your money and our agencies which are suppose to protect us are useless. When I hear of the banks in Europe in trouble it brings back memories of the past. Do you really think if their banks go broke it will not effect us? Don't listen to KID stay in cash. There will come a time to invest but now is not the time.
If I had the need to invest in something it would be Gold. In the past my believe was you need inflation to have Gold go up. We are in a different world where everyone is looking to protect their money. With much of the world in negative interest rates what is a person to do. Pay the banks for holding their money? We are seeing problems now with the banks in Europe unable to make money. Negative interests may not be the answer. Not sure Draghi will be able to deliver what the market wants in March. These problems with the bank may be coming here. The financial sector here is not behaving very well. I am sure KID will trash the Gold idea because he is making so much money in the stock market. He always buys low and sells high making 500 trades a year. The rest of us are not investing in KID's world of fantasy. We are very lucky to have the stable value fund in our 401k. Haven't lost any money yet but keep in mind it is not insured by the FDIC. Insurance companies have and could go under. That is why we are getting 3.4% well above the normal rate. Let us hope it will stay there but even if it goes lower it is better than losing money.
UTX may come back but as I have said before, "some stocks never come back". Just because they always have doesn't mean they always will. GE was in the 50's the last time the market took it down and it may never see the 50's again. Citibank is lower than it was in the great recession. These are blue chip companies that haven't come back. UTx use to make it's money buying up companies and selling off the pieces after robbing the pension funds. Management is different now and them days are over. Have you ever heard the term time is money. Remember the days when you rode UTX down to the 40's. The banks are having problems again. Wouldn't it have been better to sell at $120 and wait for UTX to find a bottom? I have recommended selling UTX since it hit $120. Some stocks are losing 3.2% in one day. Dividends mean nothing in this type of market. Maybe if I were young things would be different but at this point in my life I do not like losing my money. I am at a point in my life where I like spending my money. I would rather spend my money than give it to the criminals on wall street. KID is the only one I know who can make money all the time and he will not tell us how he does it. My bet is UTX is going a lot lower with the rest of the market. Management told you the problem was a strong dollar and weak China. Those problems are still there so why own the stock?
When these central banker speak we do get a bounce but don't be fooled. This is a bear and we will go lower. Their ability to effect the market may be coming to an end. The real problem is the top 1% have most of the money. When the fed gives money to the banks (top 1%) that does nothing to increase consumption. KID will tell you that giving all the money to successful people like Shkreli is a good thing. Back in the days when the market was taking down AIG Kid had money at risk. Kid was very supportive of the socialistic policies of bailing out AIG. KID is only a capitalist when it is to his benefit. True capitalism allows the financials institutions to go under and start over with new banks. These boyz have friends in Congress which will not let them go under. Why didn't these boys go to jail? Think about this when you vote. If we keep putting the same old politicians in office nothing is going to change. In the past when the top 1%get all the wealth we would see a revolution. Hope we never see that. Might want to read Dr. Zhivago to see what happens when the top 1% get all the money.
When I make a bad investment no one bails me out and I see no reason to use my tax dollar to bail out the financial institutions. These bankers are part of the top 1% so we can't let them go under. How can you think the bail out of the banks helped the banking system. It has been over seven years and they still won't pay me a decent rate of interest. Shouldn't we get back to normal someday with the banks? You haven't seen the end to this banking problem. You say entitlements like it is a bad word. All the years I worked I paid into social security and medicare and it is not my fault if the government did not invest my money wisely. Hopefully me and Mr. Buffet will continue to receive our benefits that we paid into for years. Medicare is going to bankrupt our country and it is so stupid. Our system has been set up to make us sick. We dump fluoride in the water, put mercury in our mouths, inject poisonous vaccines in our bodies, and let Monsanto poison our food with their GMOs. Now that we have made everyone sick we can sell them the good drugs to make them feel better. Our country is full of people who believe the government agencies are there to protect us but it is a lie. It is all about the money with these jokers. You go to UTUBE and watch "Cancer-Forbidden Cures" and you should understand our system. If you watch this video and still don't understand what is going on in our country you must be living in KID's world. Just go on believing we will all live happily ever after in the land of KID.
Looking at the performance of UTX over last year they shouldn't get stock options. Pay for performance, right? Why would they receive stock options for the job they did? Sad to say this is the system that has given us the top 1%. If you do good you get stock options and if you do bad you get stock options. Such a wonderful system for the top 1%. We are in the land of KID what ever benefits you is OK. There are no morals in this land.
That is his job. To make the most money he can. Doesn't matter how he does it. It is all about making money. It is getting a lot harder to do. There are not any more pension funds to rob and they have already sold off the helicopter technology to China. The only avenue left is to move more plants overseas where they can get cheap labor. This is the system we have in our country. Doesn't do any good to write the politicians because they are part of the system. They are bought and paid for by the top 1%. This is a lot worse when we look at our medical system. Go to UTUBE and check out to video "Cancer- Forbidden Cures". It will explain everything and why we can't trust any of them. Have to change the system.
The only chance the republicans have is Trump. If they do not run Trump they are sure to lose. It is not about free trade but fair trade. Trump and Sanders are talking about change and that is what the people want. Not sure we can have change until we get rid of the politicians in Congress but that is what the country wants. There are more and more poor people in our country and that means more votes for Trump or Sanders. KID tells us we have more poor people because they are lazy and stupid but that is not the case. It is all about the system that has been created by the top 1% and that has to change. Hopefully the change can occur with out violence.
Obviously most of the people in our country are like KID living in fantasy land. They believe the stupid politician when they tell us give all the money to the top 1% and they will create jobs. It is not working in our country and the middle class is going away. They will never get it because they are not living in the real world. It could be they have some kind of brain disease that keeps them from seeing things.
Hayes and the boyz on the board are not going to give up their money machine. Why would they give up their jobs where they get their bonus and stock options? The stock goes up they get their money, the stock goes down they get their money. They are like KID. They make money no matter what they do. Waiting for $108 is a fools game. Not going to happen. When the dead cat bounce is over and the market starts down it will take UTX with it. China still weak and dollar still strong. Nothing has changed.
This is not about shareholder value. It is about management keeping their jobs. At one time management had a poison pill in place to keep things like this from happening. Not sure if it still exist. The only way it happens is if Hayes and the rest of management want it. Not going to be a vote because that is not how the game is played. Honeywell will have to pay these boyz enough money are guarantee them jobs they are happy with.
Do not how you can say the regulators are not a problem. I was there during the HON, GE, UTX takeover fight long ago. These companies were smaller then and the regulators were a problem. Why are they not a problem now?
Looks like the market think this HON deal will get done. Glad to see all the longs make money. I am sure KID bought at the right time and will sell before the run is over. Does anyone know if UTX still has a poison pill in place. If that is the case the only way the take deal places is if they can convince Hayes and the board to sell. Another question for the people in the 401k plan is what does this mean for us? When Carrier was acquired by UTX the 401k plan of Carrier was moved to the UTX plan. I am pretty happy with the 4.3% we receive and would hate for that to change. Anyone have any idea what HON 401k consist of?
I am currently in UTX 401k plan and with the buyout being talked about wondering if anyone could give me information on HON 401k plan. Most likely if the deal goes through we will be moved into the Honeywell plan. I our plan we have a fix income fund which guaranteed insurance contracts paying us 3.4% on our money. Does HON plan having anything like this? Any information on HON plan would be appreciated.
I hate responding to you because you are not living in the real world. If you bought yesterday and looking to catch the dividend you are the only one who will get the dividend. The xdividend date for UTX was Feb 17. How you going to get the dividend if you bought on Feb 24? Just like you received the BP dividend after the canceled the dividend? You should get the facts straight before you post Pinocchio.
I am sure they will do a lot of cutting but I am retired. I am concerned about their 401k plan and what kind of returns will they pay for a fix income fund. I currently receive 3.4% and was hoping they have something similar in case the deal goes through. Just looking for information on their 401k plan.
There use to be a 60% match for a certain amount but haven't worked there for 13 years so do not know what it is now. The money market rates are very low now. Sounds lilke you are getting almost nothing.
Just heard from someone on the HON board about their 401k plan. Their fix income option is based on money market rates and can go negative. Doesn't sound like a positive for those in fix income. Hopefully the deal doesn't go through if you like the 3.4% you are getting.