{"id":37735,"date":"2017-03-07T09:33:25","date_gmt":"2017-03-07T14:33:25","guid":{"rendered":"http:\/\/www.technologyinvestor.com\/?p=37735"},"modified":"2017-03-07T13:11:02","modified_gmt":"2017-03-07T18:11:02","slug":"the-trump-rally-may-be-over-despite-oodles-of-money-on-the-sidelines","status":"publish","type":"post","link":"https:\/\/www.technologyinvestor.com\/?p=37735","title":{"rendered":"The Trump Rally may be over, despite oodles of money on the sidelines"},"content":{"rendered":"<p style=\"text-align: left;\">My friends bemoan the money they have on the sidelines, but fear buying stocks because they may be too high.<\/p>\n<p style=\"text-align: left;\">Barron&#8217;s runs a piece<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">\u00a0<strong>Stocks are Overvalued<\/strong><br \/>\nFrom growing insider sales to a very high Shiller valuation, there&#8217;s a strong case that the stock market has gotten awfully rich.<\/p>\n<p style=\"text-align: left;\">Read Barrons <strong><a href=\"http:\/\/www.barrons.com\/articles\/stocks-are-overvalued-1488842822?tesla=y&amp;mod=djemb_dr_h\">here.<\/a>\u00a0<\/strong><\/p>\n<p style=\"text-align: left;\">None of my friends are keen to sell stocks. Their taxable gains would hurt too much.<\/p>\n<p style=\"text-align: left;\">I&#8217;ve just invested in a student housing syndication. I&#8217;m eyeing stocks warily.<\/p>\n<p style=\"text-align: left;\">Maybe banks? With a rate increase soon&#8230;<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Snap&#8217;s miserable two-day round-trip<\/strong><\/span><\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/SnapsTwoDayTrip.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-37739\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/SnapsTwoDayTrip.jpg\" alt=\"SnapsTwoDayTrip\" width=\"627\" height=\"324\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/SnapsTwoDayTrip.jpg 627w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/SnapsTwoDayTrip-300x155.jpg 300w\" sizes=\"auto, (max-width: 627px) 100vw, 627px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">It went public at $17, opened at $24, rose to $29.39, then closed last night at $23.79.<\/p>\n<p style=\"text-align: left;\">Market cap is now $28.33 billion &#8212; a lot of money for a company losing money.<\/p>\n<p style=\"text-align: left;\">Where it goes next is your guess. The selling pressure is over? There&#8217;s more to come?<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>This is me next to our new, wall-mounted Samsung 65 inch TV set.<\/strong><\/span><br \/>\n<a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/TVWallInstallation.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-37736\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/TVWallInstallation.png\" alt=\"TVWallInstallation\" width=\"500\" height=\"330\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/TVWallInstallation.png 500w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/TVWallInstallation-300x198.png 300w\" sizes=\"auto, (max-width: 500px) 100vw, 500px\" \/><\/a><\/p>\n<p style=\"text-align: left;\">Here&#8217;s what I learned:<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Installing one of these things on your wall is a huge job. At least four hours of measuring, drilling, snacking cables, etc.. It&#8217;s a lot easier to simply stand the TV on a shelf or table. It comes with metal legs. You need 13&#8243; width.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ I got talked into installing a Sonos sound bar. That&#8217;s the black thing beneath the screen. It enhances the TV&#8217;s sound. It&#8217;s nice, but over-priced. Bose has one for the same price.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ All TVs get the same signal. The larger the TV, the less clear the picture is. The best clarity is a small TV. \u00a0But a big TV looks spectacular.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ None of this is cheap. My 8000 series Samsung cost $1700. The Sonos sound bar $700. Cables, a mounting bracket, installation cost another $700.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ The TV is &#8220;smart.&#8221; It connects to the Internet by cable or WiFi. You no longer need a\u00a0Roku, Apple TV, or Google Chromecast to bring in Netflix or Hulu.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ How big a TV you &#8220;need&#8221; depends on how close you watch From a couch, 65&#8243; is nice. On a desk, 24&#8243; works just fine.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Sonos is brilliant. It works on WiFi. You can scatter Sonos speakers all around your house. Just plug them into your AC. Control them with the Sonos app on your iPhone.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">+ Cable boxes (like the ones from Time Warner) are stupid. They work on line-of-sight infra-red. That means you have to be able to &#8220;see&#8221; your cable box when you want to change channels. But you can get to Netflix and Hulu without Time Warner. One day soon, our &#8220;smart&#8221; Samsung TV will let us receive on the Internet what Time Warner gives us on the cable. I&#8217;m praying for that day. Time Warner is a rip-off.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Politics<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">From John Cassidy at the <em>New Yorker:<\/em><\/p>\n<p style=\"padding-left: 30px; text-align: left;\">Trump has learned a couple of things since the start of his Presidential campaign, in 2015.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The first is that the media, especially the broadcast media, has an insatiable desire for &#8220;news breaks,&#8221; even fake ones, and thus is easy to manipulate.<\/p>\n<p style=\"padding-left: 30px; text-align: left;\">The second is that he can say virtually anything, however false or outrageous, without suffering any political consequences with his base. He can call a female journalist a &#8220;bimbo,&#8221; insult a political opponent&#8217;s wife, make bogus accusations of widespread voter fraud, say Obama founded ISIS, claim he won a bigger majority in the Electoral College than any President since Reagan-and none of it alienates his core supporters. Arguably, these outbursts make them like him more.<\/p>\n<p style=\"text-align: left;\">For the rest of Cassidy&#8217;s piece, click <strong><a href=\"http:\/\/www.newyorker.com\/news\/john-cassidy\/why-trumps-latest-obama-accusation-could-backfire?mbid=nl_030217%20Cassidy%20Post%20Newsletter%20(2)&amp;CNDID=11480355&amp;spMailingID=10565527&amp;spUserID=MTMzMTc5NTU0OTA0S0&amp;spJobID=1120506330&amp;spReportId=MTEyMDUwNjMzMAS2\">here.<\/a>\u00a0<\/strong><\/p>\n<p style=\"text-align: left;\">Washington is now calling Trump &#8220;The Chief Deflector&#8221; for his amazing ability to deflect. An example: He faces scrutiny for Russia. He deflects that to Obama tapped my phones.<\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>God bless innovation. <\/strong><\/span>Here&#8217;s my favorite new product.<\/p>\n<p style=\"text-align: left;\"><a href=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/HatwithHair.png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-37740\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/HatwithHair.png\" alt=\"HatwithHair\" width=\"200\" height=\"518\" srcset=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/HatwithHair.png 200w, https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2017\/03\/HatwithHair-116x300.png 116w\" sizes=\"auto, (max-width: 200px) 100vw, 200px\" \/><\/a><\/p>\n<p style=\"text-align: left;\"><span style=\"color: #0000ff;\"><strong>Two constables<\/strong><\/span><\/p>\n<p style=\"text-align: left;\">Two policemen report in.<\/p>\n<p style=\"text-align: left;\">&#8220;Hello. Is that the Sarge?&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;Yes?&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;We have a case here. A woman has shot her husband for stepping on the floor she just mopped.&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;Have you arrested the woman?&#8221;<\/p>\n<p style=\"text-align: left;\">&#8220;No sir. The floor is still wet.&#8221;<\/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\" src=\"https:\/\/www.technologyinvestor.com\/wp-content\/uploads\/2013\/07\/HarryNewton.jpg\" alt=\"HarryNewton\" 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, mulling the market.<\/p>\n<p><script>\/\/ <![CDATA[\n(function(i,s,o,g,r,a,m){i['GoogleAnalyticsObject']=r;i[r]=i[r]||function(){\n  (i[r].q=i[r].q||[]).push(arguments)},i[r].l=1*new Date();a=s.createElement(o),\n  m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m)\n  })(window,document,'script','\/\/www.google-analytics.com\/analytics.js','ga');\n\n  ga('create', 'UA-45200733-1', 'technologyinvestor.com');\n  ga('send', 'pageview');\n<\/script>\n<\/p>\n","protected":false},"excerpt":{"rendered":"<p>My friends bemoan the money they have on the sidelines, but fear buying stocks because they may be too high. Barron&#8217;s runs a piece \u00a0Stocks are Overvalued From growing insider sales to a very high Shiller valuation, there&#8217;s a strong case that the stock market has gotten awfully rich. Read Barrons here.\u00a0 None of my [&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-37735","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/37735","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=37735"}],"version-history":[{"count":20,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/37735\/revisions"}],"predecessor-version":[{"id":37758,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=\/wp\/v2\/posts\/37735\/revisions\/37758"}],"wp:attachment":[{"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.technologyinvestor.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}