Turkeys, Ducks, Bulls, and Bears

(1) Not much peace and harmony after Thanksgiving. (2) The Chinese have to muzzle Little Kim. (3) The Europeans are stuck with each other. (4) Are channel checks illegal? (5) Coming in 2013: The European Stabilization Mechanism. (6) If all else fails, will ECB go down QE road? (7) Consumer Discretionary is leading the packs. (8) Profitable companies have always created jobs, and are doing it again. (9) Did the Fed overreact? (10) Jobless claims getting closer to 399,999. (11) Record high for Consumer Discretionary forward earnings. Also for Consumer Staples, Health Care, and IT. (12) Good deflation associated with productivity, prosperity, and profitability. NOTICE: Our Morning Briefings are now available on FactSet.