…..Fire and fury and a yawn. Manafort home raid. Productivity grows. Fidelity tests bitcoin. 10-year anniversary of the BNP meltdown. Financial Review by Sinclair Noe for 08-09-2017   DOW – 36 = 22,048 SPX – 0.90 = 2474 NAS – 18 = 6352 RUT  – 13 = 1396 10 Y – .04 = 22.4% OIL + .52 = 49.69 GOLD + 16.20 = 1277.90 “Fire and fury, and, frankly, power the likes of which this world has never seen,” is not a phrase that resonates well on Wall Street. Following Trump’s remarks, North Korea said it was “carefully examining” plans for a missile attack on the US Pacific territory of Guam, which is home to a large US military base. U.S. Defense Secretary Jim Mattis told Pyongyang it should stop any actions that would lead to the “end of its regime and the destruction of its people.” Investors scurried to safe haven assets today. At this point, the threats are just rhetoric, so there was no freak out. Global markets switched to risk-off mode, with gold, bonds and the yen all rising but world financial markets don’t seem to be worried about war breaking out on the Korean Peninsula any time soon. Historically, financial markets haven’t exhibited any extraordinary volatility in response to provocations from North Korea. North Korea says crazy stuff and the country has a very long history of not delivering on its threats.  South Korea’s Kospi index fell 1.1% and its won currency fell 0.9% against the dollar. The South Korean stock ...