<p>OT - NOK - Credit Suisse cut its rating from 'outperform' to 'neutral' today. Nice to see, for whatever reason, the stock is still up today despite that. INFN seems to be on a tear lately - moved up rapidly from aroung t he $6.30's and is not above $7. Reaction to lt cap's saying short term sucks but long term eventually they should reap the rewards of their tech? I see lots of headlines about ATT and to a lesser extent Verizon touting announcements of deployment of 5g. But it seems they are talking mostly about limited deployments, such as ATT saying they'll have it in 28 markets in 2018. I have no insight into whether there is going to be a generally sped-up deployment, or this is just the usual blather, and the timing has not changed at all. I believe it was Comcast (or a similar giant ISP/TV network) that said it will invest $50 billion, or something equally large, in capex, given Trump's tax/business plan. Where would that $ go? And how soon?</p> <p>I have personally given up on trying to time this market. Like you all, I keep reading famous soothsayers saying that valuations are bubblicious, and if there's a correction sooner rather than later, it will be manageable, but the longer this bull market bursts higher, the worse the aftermath will be. What's interesting to me is that while all these folks say this is semi-crazy, none of them (including Paul Krugman, who prides himself on being right) is willing to give any kind of a timetable. In the NY Times, Krugman said that while just about all of the world's economies seem to be in lock-step good shape (Even Japan is rousing), if and when something goes wrong, the Fed will be essentially helpless, as interest rates are still low enough that there isn't a log of room for tightening. (But why can't they just buy more bond assets like last time?)  But Krugman made it clear that he wasn't saying that he saw anything that was going wrong, nor would he predict when such a thing might happen. The feeling I get is that naysayers on the market rise have been burned so often, like me, they've given up trying to predict a top and in what time frame. Consequently, yesterday I put some seed money in SPY, Berkshire B, and ROBO (ETF fund of companies involved in robotics/AI.) So far, so good.</p>