Record Setting

Dow, S&P and Nas all hit record highs. Big whoop. Russia and Saudis jawbone oil higher. M&A galore: JDA-Honeywell, MidAmerica-Post, Xylem-Sensus, KKR-eOne, AIG-Arch Capital. Fed Pres J. Williams says central bankers need specific fiscal policy measures. Google high speed encounters an actual ditch. VW might have a fix. Nissan has an even better fix.
Financial Review by Sinclair Noe for 08-15-2016
DOW + 59 = 18,636
SPX + 6 = 2190
NAS + 29 = 5262
10 Y + .04 = 1.56%
OIL + 1.19 = 45.68
GOLD + 2.90 = 1339.60
The Dow Industrial Average, the S&P 500 index, and the Nasdaq Composite index all set new record highs. If you’ve been trading markets for any time, you know that when there is price movement out of the normal range and out of the established valuations - it can get scary.

We had just a couple of economic reports to start the day. Investors appeared to shrug off weaker-than-expected reading on manufacturing conditions in the New York region.  The National Association of Ho