Those were the same things that also jumped out at me: the "Soon To Be The Conqueror"/Victory" connections and the strange white Santa Claus teddy bear showing up at the Ramsey house. I wrote Karr off as a lunatic before these items surfaced. He's still a lunatic, but there may be something here.
This is just stuff I gleaned from links already posted in this thread: I'd like to know if the bear in the photo Karr sent to Tracey had a heart on it's left paw. The bear found in JonBenet's room allegedly did, and a heart was drawn on her palm when she was found. That could be significant. A photo of the Ramsey bear now shows the left paw missing in the picture, the supposed "paw with the heart" whited out in the photo.
The bear found in her room had a small pouch connected to it by one of JonBenet's earrings. A photo shows her wearing the same earrings in a pageant. A strange detail.
I hope all these leads will be followed through, as Karr may have used the S.B.T.C. moniker somewhere else. If he did commit this murder, others may still be incriminated as there are so many unanswered questions. I know... the way things are changing, this may all be irrelevant in 3 minutes.
I'm wondering WHEN the heart got drawn on her hand and what was used to draw it. Did she have it when she went to bed? I think we may be assuming that he did it at the time of the murder.