Financial Review

…31 years after Black Monday. Existing home sales flat. Italian debt probs. China’s growth slows. Earnings season. Tesla’s pricey cheap car. Attacking the midterms. Amazon HQ2. Buy a ticket. Financial Review by Sinclair Noe for 10-19-2018 DOW + 64 = 25,444 SPX – 1 = 2767 NAS – 36 = 7449 RUT – 18 =1542 10 Y + .02 = 3.20% OIL + .72 = 69.37 GOLD + 1.20 = 1227.50   Today marks the 31st anniversary of the Crash of 87. The crash was 508 points, or right at 22%. It was the largest, single day percentage point drop in market history. A similar percentage point drop today would result in a loss of over 5,700 points. Today, the Dow Industrial Average pulled off a small gain, and a small gain of 0.4 percent for the week, and the S&P 500 rose fractionally, successfully snapping a three-week retreat while the Nasdaq shed 0.6% to extend losses into a third week. Stocks are down sharply for the month. The Dow and S&P 500 have fallen more than 3 percent each in October, while the Nasdaq is down more than 7 percent.   The Nat