FYI | Feb 10 2012
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:
– Oz Stockbrokers today: downgrades for Bunnings, Telstra, Mt Gibson, upgrade for Computershare, Rio Tinto pleases brokers, so does News Corp
– Another appearance in the SMH/The Age; stocks to pick for subdued and positive scenarios in 2012: http://tiny.cc/3kweu
– CBA predicts: AUD/USD at 1.085 by week's end. If Greece cooperates constructively it'll be 1.10 a little further out
– The knee-jerk post RBA status quo: AUD up, share market down
– It's a sad day for politicians and Oz media. The RBA hasn't cut, so no hyperventilatory stories about the banks being mean to their clients
– "I no longer work at Macquarie" state several bouncing emails. A new wave of sackings at the Millionaires Factory?
– Interesting dynamics at play in global econ. Policy makers throwing everything at the problem; but the problem not going away. Mkts becalmed
– Global Risk assets and risk appetite are strongly supported by synchronised global liquidity provision by central banks, so much seems clear
– Note from Goldman Sachs: real risk for US stocks is a severe credit market problem develops in Europe that damages US banks (still there)
– Chartists are getting excited projecting AUD/USD at 1.20 (!) but ANZ warns range trading above 1.04 is real possibility
– Oz stockbrokers today: upgrade for Harvey Norman (no typo), short squeeze for COH (?), RBS opens Trading Buy on Austar, headwinds for Alacer
– Macquarie doesn't think Oz banks will pass on rate cut, but RBA still expected to cut by 25bp this week. AUD tends to recover within 1 month
– What is price action telling us? TLS, IVC, SPN, DUE… telling us there's a lot of scepticism and (some) investors are still chasing yield
You can add my regular Tweets on Twitter via @filapek
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