…..Lock and load for the weekend. A bad week for equities. Consumer prices soft again. Snap & Apron slammed. Starbucks cannibalized. Applebee’s & IHOP shuttered. JCP whacked. Raise Act gets failing grade from Wharton. Financial Review by Sinclair Noe for 08-11-2017   DOW + 14 = 21,858 SPX + 3 = 2441 NAS + 39 = 6256 RUT + 1 = 1374 10 Y – .02 = 2.19% OIL + .16 = 48.75 GOLD + 2.90 = 1289.70   The tweets continued today. Trump says the US military is “locked and loaded”. In Guam, they are telling the schoolkids to duck and cover. China published an editorial in a state-run newspaper, basically saying that the first one to throw a punch loses. If North Korea launches a missile first, threatening U.S. territories and triggering retaliation, China will remain neutral. A pre-emptive strike against Pyongyang, however, would provoke a Chinese response and they would counter reunification of the peninsula. Russian Foreign Minister Sergei Lavrov said “Unfortunately, the rhetoric in Washington and Pyongyang is now starting to go over the top. We still hope and believe that common sense will prevail.” Wall Street is betting nothing will happen, which is a smart bet in an otherwise insane news cycle. Fire and Fury. Locked and Loaded. Duck and cover. Dumb and Dumber… It’s been a long week.   And as long as nobody does something incredibly stupid, we get back to business as usual, sort of. 200 S&P 500 components, or 40 percent, are in correction territory. ...

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