FYI | Aug 03 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:
– Never forget: the share market is (also) about herd mentality. After the banks, now Telstra is receiving downgrades from stockbrokers
– Remarkable: UBS reports earnings downgrades in Oz now at same level as in July 2008. "Better" times ahead? Hasn't been genuinely good since
– UBS would still seek high quality names (but not too expensive) during August reporting season. Key advice: avoid the torpedoes!
– Ultimate RBA intervention? Citi would not be surprised to see RBA action "should AUD ignore further material weakness in commodity prices"
– One of the better stories on Rare Earth Elements, shortcut REEs (admittedly, I am biased in this case) http://alturl.com/fmmoa
– A bit late, in my view, but stockbrokers have started to question valuations for major banks in Oz. Both CBA and NAB receiving downgrades
– The most accurate conclusion post yet another two Manuf PMI updates is that the Chinese economy seems to be "stabilising"; no slump, no jump
– Some revealing stats: banks responsible for 132 out of total 174 points gain for ASX200 thus far in 2012 – 75% of all gains, divs excluded
– Observes NAB: The market likely expects another round of QE from the FOMC, while economists do not. Maybe ECB can help out? Maybe
– Why the odds have turned towards higher prices for US natural gas in the months ahead: http://goo.gl/qyswn
– Is Investor Sentiment in Oz improving? Maybe "less negative, more neutral" is a better description? http://bit.ly/PhdDSo
– RBS advises investors should use traditional August lull to accumulate resources; anticipates "healthy" price rises later in the year
– Concludes BA-ML: Chinese data to improve, but investors should refrain from turning too bullish. Citi sees no noticeable rebound until Q4
– Look beyond the day-to-day noise and what do we see? So far, on average NEGATIVE US corporate earnings growth for Q2. This better improve
You can add my regular Tweets on Twitter via @filapek
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