….Dow, S&P and Nasdaq just keep hitting records. Trump talks tax cuts and welfare reform. Iraq squashes Kurdish independence. Madrid squashes Catalan independence. Netflix beats. Nordstrom’s won’t go private. SCOTUS to review Microsoft and AmEx. Financial Review by Sinclair Noe for 10-16-2017   DOW + 85 = 22,956 SPX + 4 = 2557 NAS + 18 = 6624 RUT + 0.02 = 1502 10 Y + .03 = 2.31% OIL + .42 = 51.87 GOLD – 8.80 = 1295.50   This year, the S&P 500 index has hit records on almost four dozen different occasions, with the single biggest drop from the latest record amounting to less than 3 percent. More than $3.2 trillion of market value has been added to U.S. equities, and volatility is at an all-time low. With the S&P already up 14 percent so far this year, investors are looking to justify the relatively high valuation of stocks through the earnings. The S&P 500 hasn’t experienced a decline of at least 3% since Nov. 7, 2016. That 237-day span registers as the second-longest period without a single-session drop of that magnitude since the 241 days from Jan. 26, 1995 to Jan. 9, 1996 – so, if we make it to next Wednesday without breaking down – this will officially become the most boring stock market of all time. The VIX index is reflecting that complacency, hovering around levels last seen in 1993. Just a reminder – the absence of risk doesn’t mean the elimination of risk. ...