The market is stuck in limbo. The Fed readies for Jackson Hole. Pfizer buys Medivation. Something is wrong with drug prices. MJ on the AZ ballot. APS subpoenaed. AZ siphons off San Fran techies. Fed Facebook – what could go wrong?   Financial Review by Sinclair Noe for 08-22-2016 DOW – 23 = 18,529 SPX – 1 = 2182 NAS + 6 = 5244 10 Y – .04 = 1.54% OIL – 1.71 = 46.81 GOLD – 2.50 = 1339.60   At the open this morning, the S&P 500 dipped and the VIX spiked, which had many market observers hoping that we’d finally see some volatility, some sign of movement. Of course that didn’t happen. For the past 32 days of trading, the S&P 500 index has not had a day where prices moved more than 1% up or down.  Back in 2007 we reached 38 days, then in July 2014 we reached a 20 year record of 62 days. A little bit of a pause in the market can be a good thing, and the markets respond positively; the market catches its breath and keeps on running.   However, when this kind of tight trading range extends beyond 20 days, (typically a month’s worth of trading sessions) the subsequent returns get worse; and after two months’ worth of trading, the following month is likely to show a decline. An extended tight trading range might indicate that the bulls just don’t have the power to push the market higher. We’re not there yet, but ...