Financial Review

…Another crash day. Oil down 11 straight.  Goldman’s 1MDB problem. Apple sales slowdown. GE under $8. Singles Day. Merger Monday. VW will go electric and it will be cheaper than Tesla. Bad Paris vacation. Reservists on the border. Still counting votes. Financial Review by Sinclair Noe for 11-12-2018 DOW – 602= 25,387 SPX – 54 = 2726 NAS – 206 = 7200 RUT – 30 = 1518 10 Y 3.19% OIL – 1.17 = 59.02 GOLD – 9.50 = 1200.90 The Dow Industrials closed near the lows of the session. It was just ugly, all around. Apple sank 5% after the facial-recognition supplier Lumentum cut its outlook, prompting worries of slowing demand for the iPhone. Facebook, Amazon, Alphabet, and Netflix are all in correction territory, defined as a drop of at least 10% from a recent peak, and Netflix and Facebook shares have shed around a third of their values since hitting 52-week peaks.   Goldman and Apple’s shares were down by at least 5%. A $1 move in any one of the Dow’s 30 components equates to an almost 7-point swing in the Dow. Goldman