FYI | Sep 14 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:
– What just happened? Helicopter Ben Turned Into Mr Blue Sky – read all about it here http://goo.gl/bc0Sv
– Ex-cel-lent analysis of why the US economy might be close to immediate recession – explains instantly the why of QE3 http://alturl.com/qwb3m
– David Rosenberg: Back in 1980s one bought equities for capital appreciation and bonds for yield. Today's New Normal requires exact opposite
– Few will care today but … Spot iron ore per tonne fell US$2.00 to US$96.10 yesterday
– The obvious predictions from UBS: post QE3, miners likely to outperform, banks, REITs and defensives likely to underperform
– My view on #JBHiFi – it's as much about a maturing business model as it is about changing consumer spending http://goo.gl/rhT2d
– Is the Australian share market "cheap" ? http://alturl.com/iwocy
– Is the Mining Boom now over? Depends on your definition of "Mining Boom" http://bit.ly/QMwdIS
– David Rosenberg: The 'New Normal' is financial markets are no longer guided by the economy. It's all about central banks policies now…
– In case anyone's still interested: China spot iron ore Fe62 price fell 2.1pct to US$98.10 a tonne. Iron ore now volatile as LME spot prices?
– Don't look: Spot iron ore Fe62 in China is up 5.5% to US$100.20/t. Meanwhile, Citi believes world expects too much from China stimulus
– Citi sees more upside for cyclical stocks as investors rotate on renewed optimism, but also a ceiling as earnings growth remains subdued
– Dennis Gartman is seeking exposure to US equities once again. Looking to buy exposure/go long on weakness. Plus he's bullish gold
– Macquarie cuts China GDP growth forecast from 8.1% to 7.7% in 2012, from 8.1% to 7.5% in 2013. Limited room for monetary expansion in 2013
– UBS moves Overweight Resources as (post weak US labour market) Fed is now expected to announce QE3 this week. Prefers RIO over BHP
– Remember newly listed Calibre Group (CGH)? Goldman Sachs has initiated coverage with Buy. $1.45 price target suggests 44% return potential
– Equities in US, Europe closed lower on Monday. NOT on profit taking, but on rotation from outperformers into 2012's laggards… new trend?
– China spot iron ore jumps to US$95/t as India's second biggest producer halts production. Not that anyone will care to include that news…
– Standard Chartered cuts earnings forecasts for Big 6 miners by 20-63% for 2012-13, but also believes this is the bottom. Better Times ahead!
– BAML: this remains a low growth and high liquidity world. Remains pessimistic on sustainable re-rating for commodities and resources stocks
– Barclays chartists forced to re-think bearish view on base metals. Copper break above US$7825 suggests stronger bounce toward 8160 initially
– Remember spot iron ore? China import Iron Ore Fines Fe62 rose to US$89.00/t on Friday, up US$2.00 or a gain of 2.30% #ironore #commodities
– GS: The big concern about market participants is missing Q4 rally. Shorts will have to cover. (Meanwhile, bellwether Intel cuts Q3 guidance)
You can add my regular Tweets on Twitter via @filapek
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