FYI | Aug 05 2011
By Rudi Filapek-Vandyck, Editor FNArena
I joined Twitter. Not because I am curious what this celebrity has to say about her kids, or to read that another one is waiting for a connecting flight, impatiently. Twitter allows me to follow news and commentary sources such as Dow Jones' Marketwatch, Bloomberg News and the Wall Street Journal. It assists me in keeping up with what is happening across the globe, while I am observing and analysing financial markets myself.
While I am on Twitter, reading a quote here and a news flash there, I offer my own succint insights and commentary. Those amongst you who have already discovered the virtues of a Twitter account can add my Tweets to their daily news via @filapek.
For those who have no intention to join Twitter, but would like to stay up to date, below are my Tweets from the week past:
– Fear reigns on the back of economic downturn. ASX200 will break out of 4200-5000 range today, to the downside. Point of capitulation near?
– Cisco, HSBC, RBS… All laying off thousands of jobs. Problem is not the creation of jobs, it's about net creation post lay-offs. Oz next?
– Goldman Sachs' Global Leading Indicator says "very sluggish momentum near-term" – no rally material in short term, so much should be clear
– I will be presenting at the Trading and Investing Expo in Sydney on Fri and Sat – anyone free entry? Promo Code = Rudi http://t.co/szlYrq7
– Uncertainty rules, growth disappoints, inflation remains a concern, financial conditions are tighter than normal = RBA = no change = correct
– It's happening behind the daily headlines… underlying labour dynamics are reversing in Oz with employers looking to shedding staff…
– Is Geodynamics on its way out?
– Anecdotal evidence suggests employers in Oz are starting to look at laying off staff. This might imply unemployment is near a peak, for now
– Monday morning: US futures are indicating the long anticipated relief rally will commence today. Dismal econ data still alive in background
– In the meantime, behind the political shenanigans, the US economy goes from slow down to slump: +0.4%, +1.3%..don't expect too much of rally
You can add my regular Tweets on Twitter via @filapek
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