…..Twelve consecutive record high closes for the Dow. Mr. Trump goes to Congress and he has a budget; more on defense, less discretionary; no change to Social Security and Medicare; repeal Obamacare. Warrant Buffett’s annual shareholder letter paints a rosy picture of the economy and stocks, but blasts hedge funds and investment fees. GE’s Jeff Immelt’s letter to shareholders marks the end of the global elite.   Financial Review by Sinclair Noe for 02-27-2017   DOW + 15 = 20,837 SPX + 2 = 2369 NAS + 16 = 5861 RUT + 13 = 1407 10 Y + .05 = 2.37% OIL + .06 = 54.05 GOLD – 5.00 = 1252.90 Another up day, another record close for the Dow and the S&P; this was the 12th record close in a row for the Dow. For the month of February, the Dow is up about 970 points. The S&P up 91 points and the Nasdaq up about 250.   The White House will propose boosting defense spending and slashing funding for the Environmental Protection Agency in a set of marching orders to agencies as it prepares its budget for the coming fiscal year. Tomorrow, Trump will address a joint session of Congress and he is expected to propose boosting defense spending by $54 billion in his first budget plan and offset that by an equal amount cut from the rest of the government’s discretionary budget. Most federal agencies other than those involved in security will see their budgets reduced to ...