FYI | Mar 01 2013
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:
– UBS says Feb reporting season sufficient for Oz #equities to grind out moderate gains over the year, but looking overbought short term
– Standard Bank observes largest short position since 1999 in COMEX #gold futures. Now here's a topic for discussion! Crowded trade?
– Says Citi: "believe that the EMU crisis is not over. Further deep recessions are likely this year in all periphery countries bar Ireland"
– BA-ML removes Westfield from its Asia-Pac Focus 1 List, adds Mirvac. Also on list are Rio Tinto, Newcrest and ANZ Bank
– Biggest struggle among stockbroking analysts: most good news appears priced in. Story of more downgrades than upgrades continues #equities
– Behind the share price moves: analysts increasingly critical of Woolworths' performance, and its "valuation". DB exception: sets target $37
– Quality #gold stocks worldwide reportedly hit by funds selling due to mass redemption from investors in past weeks. The masses are exiting
– Goldman Sachs has removed Wotif (WTF) from its Structural Leaders Focus List and downgraded stock to Sell – full valuation & soft outlook
– Citi market indicators signal the obvious: financial markets seem too complacent. Strategists regard any correction a Buy-ing opportunity
– ANZ Bank's China specialist seems convinced PBoC might move into tightening mode sooner than market is reflecting. Something to watch?
– CBA cuts global growth forecast for 2013 from 3.2% to 3.1% on deeper & longer recession in #Europe. Diminishing impact?
– Expert opinions on #gold are all over the shop: Goldmans sees accelerated sell-off, BA-ML sees bounce, DB is staying longer term positive
– BTIG strategist Dan Greenhaus summarises it succinctly: when the S&P500 drifts far enough from its 200dma, bad things tend to happen – true!
– Note: including reinvested dividends, Dow Jones Industrial Average is already 14% higher than peak from 2007. ASX200 in catch-up mode?
You can add my regular Tweets on Twitter via @filapek
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