Spoiler Alert: Markets Will Be Dead Today

So sorry to ruin the end for you, but there will be an initial burst of activity this morning followed by a ghost town-like atmosphere as everyone heads to the airports for their holiday travel fondling appointments.

Expect reactions to the latest European Follies as well as this morning’s initial jobless claims report (economists are forecasting 435,000 for the week ended November 20th). 

UPDATED: JOBLESS CLAIMS BETTER THAN EXPECTED AT 407K.

The latest out of Europe is not good as Irish securities continue to sell-off post-bailout announcement.  (MarketBeat)

And don’t worry too much about the jobless – good times, Ferraris and Playmate parties are back in vogue on Wall Street.  At least everybody learned their lesson.  (DealBook)

My friend Cale Smith says thank you to the mutual fund industry (which he normally lambasts).  (CaleintheKeys)