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 Home Builders confidence index rose 2 points to 60. Energy producing stocks were higher as crude oil rallied after Russian Energy Minister Novak said that Russia is open to cooperation with OPEC to help stabilize the oil market. Oil prices recently fell 20% from the June highs, largely because there is a glut of oil.   Russia and Saudi Arabia are probably the two most important oil producers on the planet, with Saudi Arabia the de facto leader of the ...