Financial Review

Get Out Now


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….Harvey update. North Korea fires missiles, Wall Street rolls on. Case-Shiller home sales solid. Consumer confidence strong. Freeport-McMoran signs over Grasberg. UTX closing in on Rockwell. Buffett banks on BofA. Financial Review by Sinclair Noe for 08-29-2017 DOW + 56 = 21,865 SPX + 2 = 2446 NAS + 18 = 6301 RUT + 2 = 1384 10 Y – .02 = 2.14% OIL – .11 = 46.33 GOLD – .90 = 1309.60 A pair of 70-year-old reservoir dams that protect downtown Houston and a levee in a suburban subdivision began overflowing Tuesday, adding to the rising floodwaters from Harvey. The dams did not break, but they are overflowing, meaning the flooding is just getting worse. Brazoria County authorities posted a message on Twitter – “GET OUT NOW!!!”  (all caps – 3 exclamation points). A weather station southeast of Houston reported 49.32 inches of rain as of Tuesday morning. Already 14 sites in Houston have recorded more than 40 inches of rain and 36 different locations have recorded more than 3 feet. Harvey now officially holds the US record for most total rainfall from a tropical system, and it hasn’t left the area yet. Rivers around Houston crested last night and today, several areas are reporting water 25 feet above flood level. At least 14 people are reportedly dead in the Houston area, including a family of six who are thought to have drowned in a van and a police officer who drowned in his patrol car. Many folks have lost touch. Undoubtedly, the ...
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Financial ReviewBy Sinclair Noe