Top Tweets Today: 06/10/2015

With 8 days left till the period in which AB Inbev has a chance to submit a takeover proposal to SABMiller it was reported that the London based brewery had rejected an informal offer of around $100 billion from the world's largest brewer. It is not known whether AB Inbev will submit a formal offer but it looks like there could be a showdown with some suggestions of a hostile takeover.

It's guaranteed that over the next week much following will be made at both companies for any clues of what the next move might be although there are a number of hurdles to be cleared before any such merger could take place making the deal less attractive. Watch this space.

SABMiller rejects $100 BLN takeover offer from ABInBev, considers it "too low". SA's PIC also opposes deal. http://t.co/an7PY0PySd

— Armandt van Helden (@ibadaan) October 6, 2015

The IMF lowered its forecasts for world growth to 3.1% from 3.3% a year earlier. The world seems to be trapped in a dilemma where the developed economies such as the US aren't producing sufficient growth to satisfy worldwide supply and developing nations like China, Brazil, Russia etc are facing a currency depreciative crisis.

This stems from quantitative easing program initiated by the Fed to prevent the US economy from slipping into economic depression. Rates were dropped to all time low at almost zero percentage which encouraged investors to find returns greater than that. This led to a mass injection of funds into emerging markets strengthening developing nations currencies.

However we now sit in a place where the Fed is almost ready to lift rates again and with their intention known it has driven investors to once again flee to the sidelines for safety but this time repatriating funds back after an extended run of good returns leaving emerging markets scrambling to shield their citizens from exorbitant currency weakness.

The #IMF cuts global growth forecasts again. Hard to imagine the #Fed raising rates any time soon. pic.twitter.com/VkiCvGymye

— investFeed (@investFeed) October 6, 2015

This quote by Alexander Elder pretty much sums up a basic trading truth. We've seen a sudden optimism in stocks over the past 3 trading sessions and perhaps you never got in to participate or weren't confident to do so, no stress rather focus on the quality setups that you know will work.

It's very easy to be sidetracked into thinking you've missed out on a rally of a lifetime but then you have to concede that this time wasn't your chance and keep telling yourself that there are plentiful opportunities in the market, picking the right ones

"Remember, your goal is to trade well, not to trade often." - Alexander Elder http://t.co/9htkdXXjj7 pic.twitter.com/yJ9KsVEJHL

— Quotatium (@Quotatium) October 6, 2015