Overheard on StockTwits: Emerging Weakness and a Market Hororscope

Each day we wade into the StockTwits stream and pull out the pearls of widsom. Here’s what we found today:

Resident Evil Genius @GregorMacdonald points to two sobering stories on CA’s dismal economy.  First one on an 81% rise in small-business bankruptices.  The second on a lingering 12.8% unemployment rate:

A slew of economic data hit the tape today – some good/some bad.  However, right now the market would need some REALLY bad numbers to sell off:

Great article from @Hedgeyetech on Tech Predictions for $twentyten.  Also a really nice apprearance on Bloomberg today:

What do stars say about $twentyten?

Emerging Market stocks have been doing quite poorly lately.  All against a backdrop of stronger Tech and a stronger dollar.  Is capital leaving the Emerging Markets?

The US is coming out of a recession while the UK remains in one.  @faithmight says that this is a reason to be bearish on the $GBPUSD

Amazing stat from @fundmyfund.  Thanks Barney Frank!

It looks like $AIG won’t sell off their entire P&C division.  I like how @hedgefundinvest points out that this is pretty much good for everyone but the bankers.  Does the opposite logic apply?

I like how the StockTwits community is with me on Gold.  I don’t think its over yet and sold some $GLD puts this morning from 30,000 ft in the air:

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