Financial Review

…. Another crash, Dow down 1,032. This is turning into a real problem. Markets are panicky. Fear over inflation and higher rates, and maybe a currency war with China. Also, waiting on a budget deal. Meanwhile, we found a few (long) winners. … Financial Review by Sinclair Noe for 02-08-2018   DOW – 1,032 = 23,860 SPX – 100 = 2581 NAS – 274 = 6777 RUT – 44 = 1463 10 Y + .01 = 2.85% OIL – 1.37 = 60.42 GOLD + .20 = 1319.30   This past Monday, Black Monday, was the worst single day point loss for the Dow Industrial Average – down 1,175. Today was close. And I know that in percentage terms, this is not the worst decline, but in real dollar terms, we have a problem.   Again, we saw a sharp sell-off in the final couple of hours, a more than 600-point decline. The Dow Industrials did not take out the lows from Tuesday at 23,778 – so that is a level of short-term support. The Dow has now wiped out all the gains going back to the end of November; and is down more than 10% from record highs – meaning we are in correction