…..Nasdaq record high close. Big 5 tech stocks rule. Valuations high. Consumer confidence up. Employment costs up. Housing formation down. Home prices up. Fed meets to do nothing. Waiting on tax text, which might be the scariest thing this week. Financial Review by Sinclair Noe for 10-31-2017   DOW + 28 = 23,377 SPX + 2 = 2575 NAS + 28 = 6727 RUT + 11 = 1502 10 Y  unchanged 2.38% OIL + .49 = 54.64 GOLD – 5.60 = 1271.40   The Nasdaq Composite closed at a record high for the 62nd time this year, matching its longest such streak since 1980. The Nasdaq gained 3.6% in October. The Dow Industrial Average was up 4.3% for the month. And the S&P 500 posted a 2.2% monthly gain. October was the biggest monthly percentage gain for the 3 major indexes since February, and the seventh straight positive month for both the Dow and the S&P, while the posted its fourth straight monthly gain. Over the past 12 months, the Dow is up 18.3%, the S&P at 16.8%, and the Nasdaq at 25.9%. For the month of October, Intel was the top performing stock among the Dow Industrials, with a 17% gain – while General Electric dropped 16%. Five stocks in the Dow posted double digit percentage gains in October: Intel, Microsoft, Wal-Mart, Caterpillar and 3M.  Oil prices have jumped about 10% for the month and are back at the highest levels since March.   But the big gainers remain ...