FYI | Oct 28 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 succinct 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:
– You never hear anyone complaining about "shorting" when the market melts up. How about a collective 'Thank You' from all market commentators?
– Probably the biggest risk to equity markets is funds managers (high in cash) now getting worried about "being left behind", bias to upside
– This deal buys time but does not address Europe's problem of a lack of growth and does not address problems at the heart of the euro area.
– NABCapital believes present optimism is likely to be maintained in the near term, with plenty of milestones in Europe on the agenda for Nov
– Predicts GaveKal: strong US GDP data might carry equities rally into year end
– GaveKal analysis: market direction determined by US and China, not Europe. A strong US Q3 GDP could set off the next leg of the equity rally
– EU plans not the end of EU debt crisis but should help avoid a near term global financial blow-up http://bit.ly/rqXkrl
– NAB doesn't agree with current aggressive rate cut pricing in Oz bond market. Hence why NAB forecasts AUD above USD parity throughout 2012
– Oz Stockbrokers: Downgrade for CQR, RMD and WRT, upgrade for Alacer Gold, forecasts cut for RMD, Mirabela Nickel pleases, Atlas Iron not so
– The S&P 500 has now risen 3 consecutive weeks, or 11% so far in October, poised for its best monthly gain since 1991
– DJIA is on track for its second-ever monthly gain of 1,000 points or more (currently 979 points), 1st time was in April 1999 (1,002.88 pts)
– Report Citi analysts (after meeting with RIO CEO): Fukushima will likely impact sentiment and uranium demand for the next 3-5 years
– Oz stockbrokers: downgrades for WSA, PRY (though overall sentiment pos), upgrade for SingTel, UBS initiates AUT on Buy, RBS warns on RMD
– Says Standard Chartered: a Grand Plan in Europe might relief,but won't alter bigger picture of sluggish growth in The West due to high debts
You can add my regular Tweets on Twitter via @filapek
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