The charts tell the tale of the October rally. 

Since our last update on the global correction in stocks, shares have bottomed (at least in the short-term) and embarked on a powerful new rally. 

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"...You have no move, Mr. Thompson. You do nothing.". 

Happy Independence Day to all!

You may want to check out these excellent links from our past July 4th post on the Declaration of Independence and the struggle for liberty. You'll note the special emphasis on two leading figures in the cause for American independence, Thomas Jefferson and Thomas Paine.

Here's one some of us may have missed in the great Bull Market of Disbelief (2009-present): Dollar Thrifty Auto Group (DTG). 

Check out the 3 year pattern on this stock, from the collapse of '08 to the bull market recovery of 2009 and beyond. Yes, you see that chart right. DTG has risen from its early '09 lows below 80 cents to over $81 today. That's not a "10-bagger", it's a 100-bagger, or a 10,000% gain. 

So by now, I'm sure most of you have digested much of the news surrounding this week's commodities rout.

What started out as a noteworthy plunge in silver, helped along by an 84% increase in margin requirements over the past two weeks, quickly spread across the commodities complex. From gold and crude oil to natural gas and heating oil, few were left unscathed.

Here's a quick summary of the day's events from Bloomberg:

Last night on StockTwits, the Sunday $Macro gang convened for a global macro chat in 140 characters.

I hosted the chat, and with the help of some Sunday macro regulars and some new faces, the discussion was rolling in no time (see screenshot below).

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Those who have knowledge, don't predict. Those who predict, don't have knowledge. - Lao Tzu. $$Thu Dec 29 21:08:13 via webDavid Shvartsman
FinanceTrends

Performance comparison of "$BID indicator", Sotheby's vs. the $EEM (MSCI Emerging Markets) going back to 2003. You can see the close correlation throughout in this weekly chart. 

Check out a larger image of the same chart here. 

The US debt crisis is a contrived political showdown, James Grant tells Bloomberg TV. If you want a real crisis, look to Europe, says Grant. 

Also up for discussion: the 30 year bull market in US Treasuries and the risks associated with government paper. Plus, the future of monetary arrangements and the gold standard vs. the "Phd standard". Enjoy the clip.