Around the world in 8 charts
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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1980 - 2011 Stock Market Returns for Various Indices

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William Blake art from The Book of Urizen
William Blake etching with watercolor & ink (Tate collection).

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

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Zen and the Art of Trading
Came across this "lost" interview excerpt with an unnamed trader from Jack Schwager's New Market Wizards and I'd like to share it with you here.

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Lao Tzu on prediction
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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

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Inner Voice of Trading: A Lesson on Ego and Risk
Michael Martin was kind enough to recently send over a review copy (via the FT Press) of his new book, The Inner Voice of Trading.

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Sotheby's vs. emerging markets
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.

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Charts: potential new uptrends in CREE, DLB
Looking at a potential change in trend for CREE, maker of LED lighting products.

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Joe Fahmy: Relative Strength Trading webinar
Great educational (and free) TraderInterviews.com video webinar with Joe Fahmy on trading high relative strength stocks in healthy markets.
Joe is one of my favorite trading follows on Twitter and we've also highlighted some of his blog posts and interviews here in the past.

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Rewards for Failure
"The United States has lost its way".
Greg Simmons at ScopeLabs riffs on the rise and fall of nations and our bailout society in this excellent six minute YouTube video.

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Netflix chart update
Netflix chart update (see: "Netflix melt-up and Google breakdown"). This earnings period was kinder to $NFLX and the market reacted positively. The gap-fill play to $115 is now complete.
"Da-doo-ron-ron-ron, Da-doo-ron-ron".

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Mark Cuban: How to Get Rich + Success and Motivation
You may have seen me quote Mark Cuban on Twitter the other day. This is Cuban's take on entrepreneurship in America from his, "How to Get Rich" post:
"...The nature of our country’s business infrastructure is that it is destined to be boom and bust. Booms are when the smart people sell. Busts are when rich people started on their path to wealth."

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Kyle Bass on sovereign debt crisis and gold
Hayman Capital's Kyle Bass discusses the world economy, gold, global credit growth, and debt problems in US, Japan, and Europe at the AmeriCatalyst 2011 conference.
Here's the, "Black Swan of Cairo" piece (Nassim Taleb and M. Blyth) cited by Bass.
Hat tip: Olivier at Tischendorf Letter for highlighting this clip and the article.

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Steve Jobs interview from 1990, recently surfaced
Watch An Interview With Steve Jobs on PBS. See more from NOVA.
Steve Jobs talks about the future of computing in a rare 50 minute TV interview aired on PBS.

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Trading journal update: what's happening now
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Trade journaling: noting some missteps and indecisiveness that have hampered recent trades. Trying to find positives too.

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Facebook's Mark Zuckerberg interview w/ Charlie Rose
Charlie Rose interviews Facebook's Mark Zuckerberg and COO Sheryl Sandberg in an hour-long discussion on the future of the social web and the impact of social media.

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Friedrich Hayek on Keynes (1978 interview)
F.A. Hayek discusses John Maynard Keynes in this 1978 interview clip.

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Black markets: a global $10 trillion economy
Excellent article from Foreign Policy entitled, "The Shadow Superpower", which examines the world's $10 trillion underground economy.
"You probably have never heard of System D.

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Netflix melt-up and Google breakdown
Chart update on Google ($GOOG). After breaking out nicely above longer-term resistance near $645, $GOOG has spent the last few days giving back those gains and more.
Today we saw $GOOG open with a gap down at $646.50 and it quickly slid downhill from there, ending the day at $622.46 (-4.2%).

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