…..Oil up on Russian cooperation. FOMC minutes on Wednesday. 3Q earnings start tomorrow. No reason for flash crash, pound still weak. Hart and Holstrom win Nobel Economics Prize. Nuns push Wells Fargo under the bus. Mylan’s quick settlement. Chicago teachers might strike. Samsung replacements catch fire; production halted. SCOTUS considers design patents. Financial Review by Sinclair Noe for 10-10-2016 DOW + 88 = 18,329 SPX + 9 = 2163 NAS + 36 = 5328 OIL + 1.39 = 51.20 GOLD Today is Columbus Day. Even though stock markets were open today, bond markets were closed, the majority of banks and credit unions were closed, and most federal and local government offices are closed for the holiday. (In case you were wondering why the mail wasn’t delivered.)   Oil prices rose to their highest in a year after Russia said it was ready to join a proposed deal to cap oil production. The Organization of the Petroleum Exporting Countries (OPEC), of which Russia is not a member, aims to agree an output cut by the time it meets in late November. Russian President Vladimir Putin said an output freeze or even a production cut were likely the only right decisions to maintain energy sector stability. Analysts at ABN Amro took a more cautious view on an OPEC deal, saying previous hints by the group on output cuts have always failed to be followed up by action. Iraq, OPEC’s second biggest producer, had already poured cold water on expectations, saying over the weekend ...