Popped into a Pier 1 Imports yesterday and it was a little nicer than the last time I was there back in the day.
Here’s Aaron perusing the baubles and shmaubles.
Still though $PIR remains a chachkee store
So it is so much more intriguing to check the recovery in the stock since it came this close to the abyss 4 years ago.
Hundred baggeroni…
Lov this one…
Earlier this week, I attended Ritholtz’s Big Picture Conference. Its my favorite event every year because the quality of the speakers is high, the audience is smart but Barry doesnt take it all too seriously.
Among the speakers, Michael Belkin, hipsterquantgenius & author of the Belkin Report, dropped this chart on page 41 of the 42 page doc he prepared to accompany his presentation. Take a good look:
Belkin writes,
One inter-market relationship we follow is the ratio of the S&P500 to the 10Yr TNote yield. This obscure ratio shows therelationship between stock prices and interest rates. The ratio can rise when interest rates are falling, to a certain point -which we label the breaking point. The widely-accepted notion that lower rates are positive for stock prices holds true untilthe S&P500/10Yr yield ratio reaches a major extreme – as it did in Mar 2008, April 2000 or July 1990. Bull markets (orbubbles) depend on this ratio expanding. When it reaches an extreme level (as in 2008, 2000 or 1990) and stops rising, amajor stock index decline can occur. In other words: There is a limit to a lower-interest rate boost for stock prices.
I’ve permalinked p. 41 of the report and I think you’ll want to click on over to read the rest of this portion of his packet.
$SPX $SPY
Sat down with James Altucher yesterday to discuss the Vringo ($VRNG) vs Google ($GOOG) case.
As I pointed out yesterday, main stream media is under covering this story while market participants are focusing on it like crazy.
It is incredible that I am still not hearing much about the $VRNG vs $GOOG story in the mainstream financial press.
I guess they don’t get it or they believe that $VRNG is too small of a company or whatever.
Meanwhile, the level of social momentum in this name on StockTwits has been truly spectacular for an extended period of time and shows no sign of let up.
While the stream has been a zoo at times, this avidly bullish majority has been right on the money.
Theyve been saying all along that this may be a much much bigger story than the usual unreliable sources have yet to recognize and I figure the MSM won’t get it until the story is over.
Then they’ll be all over it 🙂
(no position)
On StockTwits, @FitzStock2004 holds court on $AAPL.
He has been dead on which may or may not continue but you have to hand it to him and, if you are involved, watch what he is saying and showing us on the StockTwits Charts Stream.
Behind the attitude and bluster (and he’s got plenty of those), there’s a pro who is putting the road work in, disciplined, and generously sharing his studies.
So here’s the weekend scene via The Fitz on $AAPL with multiple views & time frames (you can click on the charts to go to the full size study).
First the weekly provides perspective and here the stochastics are the thing…
Next, the close below both the 10 & 50 Day SMA’s
And finally, the big hairy Head & Shoulders on the 3 month…
This Sunday morning at 10AM ET, I will discuss social media and trading at the T3 Live Super Conference at the Marriot Marquis in Times Square.
Social media tools are being employed by market participants around the globe in order to gather and process information faster, share trade ideas, vet strategies and learn.
I will teach how to employ social media tools like StockTwits most effectively to accelerate your learning curve and improve your P&L.
I’m honored to be speaking at the T3 Live Event as I have gotten to know Scott Redler well over the years and consider him to be a gifted technician and trader, a serious pro and a good friend.
You can sign up to attend HERE.
At the Value Investing Congress, the big media stories involve who the big guys are smacking down – Einhorn talking short $CMG or Buckley short $SPLK.
But some of the smartest themes unfold without the sex appeal, like landholding companies $HHC, $ALEX and $BPO.
These are great misunderstood stories and I was lucky enough to be able to take a few minutes to discuss the edge on these plays with Todd Sullivan of Rand Strategic Partners for ReutersTV.