FYI | Aug 19 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:
– UBS (late to the party) has cut year-end target for ASX200 to 4650 from 5200. June 12 target is now 5050, forecasts "malaise", no recession
– Says Morgan Stanley: US and euro area are "hovering dangerously close to recession" – exactly my words, data do all the talking, ain't good
– BA-ML survey reveals global fund managers are into cash more than they were in early 2009. A contrarian indicator? BA-ML certainly thinks so
– Chartists globally seem to agree: recent rally will falter. No agreement about what happens next. Majority seems to think we found a bottom
– Hmm. Unemployment rate up to 5.1% in July. Today, Qantas, BlueScope and Westpac announce sizable jobs cuts. Oz dynamics changing? (yes!)
– Here's a story with a rather intriguing title (for those getting overly exuberant again) – stocks may have seen highs http://www.cnbc.com/id/43970747
You can add my regular Tweets on Twitter via @filapek
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