…..Dow record close. Nasdaq falls hard. Mega-tech mauled. Fed next week. Trump wants to testify, under oath. Qatar confusion. Markets won’t always be patient. Brits hung Parliament. Brazil judges split but lean for Temer. Financial Review by Sinclair Noe for 06-09-2017 DOW + 89 = 21,271 SPX – 2 = 2431 NAS – 113 = 6207 RUT  + 6 = 1421 10 Y + .01 = 2.20% OIL + .26 = 45.90 GOLD – 11.20 = 1267.40 The Dow Industrials, S&P 500 and the Nasdaq Composite all hit intraday record highs – only the Dow managed to hang on for a record high close.   Tech stocks have been on a roll recently. Not today. Some of the biggest names tumbled. Alphabet dropped about 3.5%. Apple down almost 4% – it’s biggest one day loss in more than a year. Microsoft lost 2.2%. Facebook down 3.3%The strangest trade was Amazon. Over a period of about 5 seconds, the stock price went from $960 to $930. Back up to $953, down to $927, then traded just over $959. Looks like some kind of a fat-finger, flash crash. Amazon finished the day down 3.1%. Goldman issued a report saying the big 5 mega-tech stocks have added $600 billion in market cap since the start of the year. In Goldman’s view, the sector has gotten ridiculously crowded.  Bank of America issued a report saying the tech sector is the “most overweight it has ever been.” We all know that trees don’t grow to ...