…..Dow, S&P 500, Russell 2000, and Dow Transports hit record highs. AT&T and Time Warner go to Washington. Trump Person of the Year. Pfizer jacks prices in UK. Banks fined for rigging Euribor. Italian banks on the verge of bailout. Restaurant traffic in the dumpster. December 7, 1941. Financial Review by Sinclair Noe for 12-07-2016 DOW + 297 = 19,549 SPX + 29 = 2241 NAS + 60 = 5393 RUT  + 11 = 1364 10 Y – .05 = 2.35% OIL – 1.04 = 49.89 GOLD + 4.00 = 1174.30     Another record high close for the Dow Industrial Average – 3 in a row. The Dow is up in 18 of 22 sessions, but today was the first triple-digit gain since Nov. 10. Plus, records for the S&P 500 index and the Russell 2000 index of small cap stocks. The Dow Transportation Average gained 231 to close at a record high of 9371, taking out the old record high of 9217 set December 19, 2014.  For Dow Theorists this is confirmation of the bull. Dow Theory holds that strength in the shipping and rail stocks needed to transport goods — a sign of healthy demand and production — is more or less a prerequisite to strength in the broader market. The transportation average often is a leading indicator for the economy. If we get everything in gear, it suggests everything is in harmony to the upside. From a recent low of 7885 on October 26, the Transports ...