Wall Street slips in August. ADP private jobs up 177k. Pending home sales up 1.3%. No inflation in Eurozone. Trump in Mexico. Brazil impeaches Dilma. Fly to Cuba. La Junta takes over Puerto Rico. SWIFT hack. Monsanto whistleblower. ITT down for the count. Ghost ships. Financial Review by Sinclair Noe for 08-31-2016 DOW – 53 = 18,400 SPX – 5 = 2170 NAS – 9 = 5213 10 Y + .01 = 1.58% OIL + .20 = 44.90 GOLD – 2.00 = 1309.50 Since the Dow Jones Industrial Average was created in the late 1890s, September has produced an average loss of 1.1%. The 11 other months of the calendar, in contrast, have produced an average gain of 0.8%. September has an impressively consistent record at or near the bottom of the rankings, not just one or two really horrible years. Just a reminder – correlation is not the same as causation. The S&P 500 lost 3 points for the month of August. The Dow Industrials dropped 56 points for the month, but both indices hit record highs during the month. Speculative long contracts, or bets that stocks are going higher, on the Dow at the Chicago Board of Trade recently hit a record of 38,382; with long bets on the S&P 500 rising to the highest level in three years. Gold fell again today, holding ground at the lowest levels in two months and down about $40 for the month, the first monthly loss since May. Oil futures slid to ...