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America is in Turmoil and Robots Could Care Less
It was a long week of planes trains and automobiles for me last week. Phoenix, NYC, Philly, Baltimore, Boston, Chapel Hill and now New York for a few days.
America can look the same when you zip in and zip out all and you rely on your smartphone.
The media seems more upset with Snapchat’s $40 billion valuation than/then (I give up on grammar) Russia and the environment.
Our stock markets could care less and money is being put to work. Marketwatch is reporting that the risk of a bear market in 2017 is ZILCH! They obviously want a nomination in next year’s Cashtag awards.
I mentioned India last week in a blog post. This chart from JC puts some chart art and a bigger picture to the India markets right now:
I am long India by owning the same large American Digital behemoths as yesterday.
Robots were in the news BIGLY over the weekend.
Barron’s had a cover story gushing about them. I hate when their cover stories are in sync with my opinion (long $IRBT and $GOOG).
I like this podcast link better from Fred Wilson ‘living with robots‘. Give it a listen.
This photo and caption shared by Josh Brown sums up the robot trend perfectly. While we bicker, they just do their thing:
Remember – It’s ok to own financial stocks as rates keep gently rising for now but please remember it feels better to punch a banker and hug a robot.
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