{"id":21715,"date":"2013-08-27T09:19:11","date_gmt":"2013-08-27T13:19:11","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=21715"},"modified":"2013-08-27T13:59:42","modified_gmt":"2013-08-27T17:59:42","slug":"its-looking-toppy-and-very-pricey-and-then-theres-syria","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=21715","title":{"rendered":"It&#8217;s looking toppy and very pricey. And then there&#8217;s Syria!"},"content":{"rendered":"<p style=\"text-align: left;\">&#8220;Emergencies&#8221; are\u00a0great for politicians. If we don&#8217;t do &#8220;this&#8221;, we will be obliterated. From Korea to Vietnam, from Iraq to Afghanistan.\u00a0&#8220;Emergencies,&#8221; &#8220;bad political logic,&#8221;\u00a0 horrible implementations,\u00a0 and countless lives and treasure lost. Yesterday John Kerry, our secretary of\u00a0state talked of Syria and how they&#8217;d crossed\u00a0a line (one we&#8217;d conveniently made up)\u00a0by gassing their own people. As though there&#8217;s difference between gassing and carpet bombing, or snipering and mortaring. The result is the same &#8212; dead Syrians.<\/p>\n<p style=\"text-align: left;\">Do we need to meddle in Syria&#8217;s civil war? No. Will we? Probably. Our &#8220;military-industrial complex&#8221; (remember Eisenhower?) seems to need regular wars. It&#8217;s very depressing.<\/p>\n<p style=\"text-align: left;\">We were doing fine until Mr. Kerry talked about the &#8220;line&#8221; and down we went. (I don&#8217;t have a chart of just one day.)<br \/>\n<a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SPXTwoDays.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21716\" alt=\"SPXTwoDays\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SPXTwoDays.jpg\" width=\"724\" height=\"285\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SPXTwoDays.jpg 724w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SPXTwoDays-300x118.jpg 300w\" sizes=\"auto, (max-width: 724px) 100vw, 724px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">I look at analyst recommendations and see stocks with the P\/Es of 18-20 and more. Not exactly cheap. Should we wait for a greater pullback? It seems prudent.<\/p>\n<p style=\"text-align: left;\">For now, play with the kids. Visit a national park for what remains of the summer. Watch the US Tennis Open on TV &#8212; ESPN2, The Tennis Channel and CBS.<\/p>\n<p style=\"text-align: left;\">Gold is thriving (overstatement) in this squirrely environment. I suspect it could go higher.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SGOLONeYarAgain.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21725\" alt=\"SGOLONeYarAgain\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SGOLONeYarAgain.jpg\" width=\"674\" height=\"277\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SGOLONeYarAgain.jpg 674w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/SGOLONeYarAgain-300x123.jpg 300w\" sizes=\"auto, (max-width: 674px) 100vw, 674px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Tesla is the darling of momentum stocks. The company keeps surprising with positive news. Am\u00a0 I willing to play this at current nose-bleed prices? No. Did I ever think that this specialty car company would do so well? No? Would I buy a\u00a0Tesla car? No.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/TeslaOneYear.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21720\" alt=\"TeslaOneYear\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/TeslaOneYear.jpg\" width=\"640\" height=\"276\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/TeslaOneYear.jpg 640w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/08\/TeslaOneYear-300x129.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">\u00a0<span style=\"color: #0000ff;\"><strong>Drugs and bicycles.<br \/>\n<\/strong><\/span>&#8220;I think it is just terrible and disgusting how everyone has treated Lance Armstrong, especially after what he achieved, winning seven Tour de France races while on drugs.<\/p>\n<p style=\"text-align: left;\">When I was on drugs, I couldn&#8217;t even find my bike.&#8221; &#8211; Willie Nelson<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Only three more years to the next big election.<\/strong> <\/span>Thoughts:<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ If God wanted us to vote, he would have given us candidates. &#8212; Jay Leno<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ The problem with political jokes is they get elected. &#8212; Henry Cate, VII<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ We hang the petty thieves and appoint the great ones to public office. &#8212; Aesop<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ Politicians are the same all over. They promise to build a bridge even where there is no river. &#8212; Nikita Khrushchev<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ When I was a boy I was told that anybody could become President; I&#8217;m beginning to believe it. &#8212; Clarence Darrow<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ Politicians are people who, when they see light at the end of the tunnel, go out and buy some more tunnel. &#8212; John Quinton<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ Politics is the gentle art of getting votes from the poor and campaign funds from the rich, by promising to protect each from the other. &#8212; Oscar Ameringer<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ I offer my opponents a bargain: if they will stop telling lies about us, I will stop telling the truth about them. &#8212; Adlai Stevenson, campaign speech, 1952<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ A politician is a fellow who will lay down your life for his country. &#8212; Tex Guinan<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ Instead of giving a politician the keys to the city, it might be better to change the locks. &#8212; Doug Larson<\/p>\n<p style=\"text-align: left; padding-left: 30px;\">+ There ought to be one day &#8212; just one &#8212; when there is open season on senators. &#8212; Will Rogers<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-21218\" alt=\"HarryNewton\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" width=\"200\" height=\"199\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton-150x150.jpg 150w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><br \/>\nHarry Newton who just tore something inside the rotator cuff of his left shoulder. And this just as the \u00a0new cataract-repaired eye was beginning to work. I am optimistic that the poor body is not falling apart. But the signs of decay\u00a0are there. I am proving a one-man boom to the medical industry. Now comes the MRI.<\/p>\n<p style=\"text-align: left;\">I know I mentioned this piece yesterday, but it really is engrossing: Vanity Fair on <em>Microsoft&#8217;s Lost Decade.<\/em> Click <a title=\"Microsoft's lost decade\" href=\"http:\/\/www.vanityfair.com\/business\/2012\/08\/microsoft-lost-mojo-steve-ballmer?mbid=social_twitter\" target=\"_blank\"><strong>here.<\/strong><\/a><\/p>\n<p style=\"text-align: left;\">Rule: Always sell the stock when the owner leaves or dies.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Emergencies&#8221; are\u00a0great for politicians. If we don&#8217;t do &#8220;this&#8221;, we will be obliterated. From Korea to Vietnam, from Iraq to Afghanistan.\u00a0&#8220;Emergencies,&#8221; &#8220;bad political logic,&#8221;\u00a0 horrible implementations,\u00a0 and countless lives and treasure lost. Yesterday John Kerry, our secretary of\u00a0state talked of Syria and how they&#8217;d crossed\u00a0a line (one we&#8217;d conveniently made up)\u00a0by gassing their own people. [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-21715","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/21715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21715"}],"version-history":[{"count":0,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/21715\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}