FYI | Oct 14 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:
– Interesting detail about the latest Belgo-French rescue operation; Dexia is about the size of the entire Greek banking system
– Macquarie strategists see potential for a 3 to 4 month rally in equities starting in October or November
– Expectations for a 'relief rally' continue building so we're probably going to see one. Note chartists at Barclays only see temporary relief
– Oz stockbrokers: more jitters about COH, JPM still prefers QAN above VBA, higher margins for Sims Group, Macquarie more confident on GNG
– ANZ job ads series remains negative in September, in trend terms. ANZ forecasts the unemployment rate will rise to 5.5% by mid-2012
– Tempering everyone's enthusiasm, UBS strategists maintain a grave and prolonged downgrade cycle has begun for global earnings estimates
– That's ok, the Belgian government will guarantee Dexia… oh wait, Belgium has a government?
– If history is our guide: VIX in between 40-50 has proved the best entry point for maximum return from equities. Last week VIX stood at 45
– Says BTIG: this rally in equities can continue, as long as news headlines remain "cooperative"
– Alcoa story in a nutshell: analysts cut Q3 EPS forecasts from US38c to US22c and the company reports US15c on higher than anticipated sales
– Oz stockbrokers: lower estimates for oil and gas companies, downgrades for ERA, NVT and JHX, WSA upgraded to Buy, Citi says BLY too cheap
– The return of investor risk appetite: AUD best performing currency overnight, hitting high of 1.0207 against USD this morning
– Asian Insto investors are turning to high yield, currencies and property in search for sustainable investment returns http://bit.ly/nLfZWu
– Oz Stockbrokers: GS forecasts advertising recession in 2012, Citi cuts Rex Minerals, Downgrade for ERA, UBS says FBU now too cheap
– Macquarie forecasts S&P/ASX 200 will return 14.0% in year ahead, of which 5.6% from dividends; resources to return 13.4%; small caps 14.2%
You can add my regular Tweets on Twitter via @filapek
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