FYI | Jun 08 2012
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:
– Macquarie strategists: investors need to accept dividend yields likely to account for larger share total return in de-leveraging environment
– Morgan Stanley downgrades ILuka to Sell (counter-consensus call) on expectation dynamics for zircon won't improve in H2 this year
– BAML questions Chinese will get enthusiastic about stocks anytime soon due to poor earnings outlook plus the psychological wounds post 2008
– Analysts at BAML believe China rate cut might be harbinger of more downside risks; would not chase any rally on the news
– Canadian bourse fell 0.4% overnight, led by gold stocks. Materials stocks lost 2.5% – gold futures down 2.8%, largest fall since April 4
– Westpac: suspect recent volatility Oz employment numbers is more statistical noise than actual outcome; 5.1% average likely better indicator
– Oz Stockbrokers today: Downgrades for Alesco, Aurora, Beach Energy, Stockland and Ten; Upgrades for Dulux and Woodside; Macq repeats BLY Buy
– Buy the false break – Australia 200 http://bit.ly/Mfu5Vs
– Dennis Gartman: up-move in US equities is corrective in nature and not start of new trend; Gartman's buying gold instead; sell in May rules!
– A real life, feel-good story about gold http://goo.gl/GZJcJ
– Dow Theory Letters' Richard Russell calls a new bear market for US equities http://alturl.com/aefn3
– The importance of keeping a longer term perspective when making investment decisions http://goo.gl/4Mo8U
– Blackstone's Byron Wien declares he's "nervous but optimistic about the remainder of the year" – markets much cheaper with improvement ahead
– Oz Stockbrokers today: Downgrades for Qantas and Telstra, Citi issues sharp warning on Boral, Macquarie reiterates confidence in Cochlear
– China's easy-growth era drawing to close http://sns.mx/qOl9y8
– BAML advises investors to go Reverse Barbell Strategy: underweight both resources and banks – yield stocks expected to continue to shine
– Here Come The Hilsenrath Leak: "Fed Considers More Action" http://tinyurl.com/cj9przw
– Thought for the day: with trading robots making up 50% of all ASX volumes, is it still appropriate to talk about "investors" moving prices?
– Bank of Queensland (BOQ) is the first bank to lower its interest rates following the Reserve Bank of Australia's… http://tinyurl.com/7pzos9v
– Oz Stockbrokers today: Buy ratings reaffirmed for NRW Holdings, Macquarie elevates QRN and GPT to Buys with Conviction, challenges for TAH
– The Dow in 2012 echoes the market's rise and fall in 2010 and 2011 over the same period. http://on.wsj.com/KYvnmu http://on.wsj.com/KYvwGl
– Record Number Of US Households On Foodstamps http://tinyurl.com/clp5ahk
– There's more market wisdom in this headline (from The Economist) than most realise: Spain finally faces its banking crisis- it has no choice
– CBA anticipates more strength from USD thus more downward pressure on the AUD with AUD/USD poised to put 0.9388 to the test
– Acknowledgement from CBA: The evidence of a slowdown in global growth is becoming more convincing and more widespread
– I think market commentators should cease suggesting there's some kind of predictive power in bond yields; it's money looking for destination
– As you curious as I am what those commentators have to say on Monday who called The Bottom for Oz equities last week?
You can add my regular Tweets on Twitter via @filapek
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