…..Fed leaves rates unchanged; wait for December. S&P 500 down 7 straight. Facebook tops 1 billion daily. ADP says 147k jobs last month. Alibaba grows earnings. A new KFC every 5 hours. Wells Fargo again. Colorado River is drying up. I’ll watch the game on TV. Financial Review by Sinclair Noe for 11-02-2016 DOW – 77 = 17,959 SPX – 13 = 2097 NAS – 48 = 5105 10 Y – .02 = 1.80% OIL – 1.16 = 45.51 GOLD + 8.70 = 1297.50   The Federal Reserve wrapped up a two-day meeting of its policy-making committee, and delivered the expected news that it would not adjust rates during the final days of a presidential election. However, the Fed’s post-meeting statement reinforced expectations that Fed officials do not plan to wait much longer. The Federal Open Market Committee issued a statement that said: “The committee judges that the case for an increase in the federal funds rate has continued to strengthen but decided, for the time being, to wait for some further evidence of continued progress toward its objectives,” adding “The Committee expects that economic conditions will evolve in a manner that will warrant only gradual increases in the federal funds rate.”   The Fed’s assessment of economic conditions was also just a little more upbeat than the September statement. The most significant change reflected evidence of stronger inflation. The November statement said inflation “has increased somewhat,” rising closer to the Fed’s preferred annual pace of 2 percent.   The health ...