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Shares of cryptocurrency pioneer Overstock.com climbed more than 5% on Tuesday after the company revealed that it will launch an ICO on Nov. 1 using its proprietary tZERO platform, a strategy that will allow Overstock to raise capital without diluting its float.

As far as we can tell, the Overstock ICO would be the first conducted by a large, publicly traded US company, and could potentially open the door for other corporations to utilize the ICO as an alternative means of raising capital.

The offering will will run through Nov. 15, Overstock said.

With everyone and their grandmother short the short-end of the curve, if not enough to push repo rates into negative territory and just begging for a short squeeze, moments ago the Treasury sold $26 billion in 2Y paper in a largely average if somewhat disappointing auction, which will only embolden the bears to press the short end more.

Just days after Third Point's Dan Loeb took a victory lap in his latest letter to investors, boasting a 14.5% YTD performance, outperforming the S&P and virtually all of his peers, a decidedly more downcast letter was released today by Greenlight's David Einhorn, who also had a good quarter, generating 6.2% in Q3, which brought his YTD return to 3.3% after a subpar first half. Yet despite the solid Q3 performance, Einhorn admits that "the market remains very challenging for value investing strategies, as growth stocks have continued to outperform value stocks.

Some question if “Pigs Can Fly.” I don’t know if they can or can’t, of late though, Piggy Banks are flying high and breaking out.

We have highlighted positive bank patterns of late and three weeks ago we shared that the banking sector was sending bullish signals and Regional Bank ETF (KRE) looked like they were ready to break out of a bullish flag pattern, See Post HERE.

Authored by Lance Roberts via RealInvestmentAdvice.com,

This past weekend, I discussed how the current rally since the election has been based on “hopes” for tax cuts and tax reforms as there was little evidence currently to suggest it was based on fundamental underpinnings. To wit: