…..Nasdaq record high. Goldman’s rational exuberance. Fed minutes and the mystery of low inflation. Cap goods orders drop. Consumer sentiment slips. Uber’s very bad breach. Google is watching you. Thanksgiving tidbits. Financial Review by Sinclair Noe for 11-22-2017   DOW – 64 = 23,526 SPX – 1 = 2597 NAS + 4 = 6867 (record) RUT – 2 = 1516 10 Y – .04 = 2.32% OIL + 1.17 = 58.00 GOLD + 11.50 = 1292.50   The Nasdaq eked out a small gain to close at a record high. I suggest you celebrate with turkey and pie. The other major indices closed lower, after hitting records yesterday. Trading volume was very light, which is not surprising given it’s a holiday tomorrow. Stock markets typically rally right around Thanksgiving – maybe it’s the holiday spirit – but if you are looking for guidance into market trends, you won’t find it today.   That didn’t stop Goldman Sachs from offering up their forecast. Goldman analysts say, “The current equity market valuation is certainly stretched in historical terms but it does not appear unreasonable based on the high level of corporate profitability.”  They think the market will experience “rational exuberance” over the next three years, with prices and valuations all supported by earnings growth. Their target for the S&P 500 at the end of 2018 is 2,850—or about a 10% rise from current levels. That doesn’t sound like rational exuberance to me. They expect the index to rise to 3,000 by the ...