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: