…..Dow record high close. Oil tops $51. Bond bears’ herd mentality. ISM manufacturing up. Construction spending up. Unemployment claims up. Layoffs up. Carrier is chill. Credit Suisse freezes accounts. The Italian referendum explained. No coffee for Schultz. We’re buying cars. 10 gig internet? Yes please. Financial Review by Sinclair Noe for 12-02-2016 DOW + 68 = 19,191 SPX – 7 = 2191 NAS – 72 = 5251 RUT – 8 = 1313 10 Y+ .07 = 2.44% OIL + 1.52 = 51.86 GOLD – 1.40 = 1172.60   Another Dow record high close.   Yesterday, OPEC agreed to its first production cut in eight years; that pushed prices over $51 a barrel. But the higher prices might not last. Production cuts early in the year are a normal response to a low-demand season in February and March when Asian refiners typically shut for maintenance. Even without increased supplies from elsewhere, if OPEC and Russia do reduce production by 1.2 million barrels per day as pledged, the cuts probably would not be deep enough to shrink a glut that began to build in mid-2014. Meanwhile, higher oil prices and lower production costs are encouraging US shale operators to increase output, and rig count has been rising.   Bonds had a terrible November. Global bonds lost $1.7 trillion of value in November as they suffered through their worst month since at least 1990. The sell-off is continuing on the first day of December, with the US 10-year yield up another 5 basis points ...