…..Another Dow record. Fed minutes show rate hike “fairly soon”. Existing home sales jump. Shortage of construction workers. Fannie and Freddie must pay government, not shareholders. Facebook plays ball. First Solar beats. Verizon tests 5G. UPS tests drones. Amazon Bigthanks. Financial Review by Sinclair Noe for 02-22-2017 DOW + 32 = 20,775 SPX – 2 = 2362 NAS – 5 = 5860 RUT – 6 = 1403 10 Y – .01 = 2.42% OIL – .76 = 53.57 GOLD + 2.50 = 1238.90 Another record high for the Dow. S&P and Nasdaq, not so much. 91 straight trading days — that is how long the S&P has gone without closing lower by 1% or more. The S&P 500 ended 1.2% down on Oct. 11 — more than four months ago — and hasn’t clocked out on such a negative note since then. The result has been a slow, steady slog to record highs. Hardly the stuff of investor euphoria or irrational exuberance; more like climbing a wall of worry. Stocks are expensive by almost any measure, and Mom and Pop investors seem skeptical, but the reality is that they have few good options but to stand on the edge of the cliff. In mid-December, Bloomberg polled Wall Street analysts for their full-year predictions. The average forecast for 2017 was calling for growth of 5.2 percent. The S&P 500 is already up 5.5 percent year-to-date. The average estimate was 2,364. The index touched 2,366 yesterday. The Federal Reserve’s Federal ...