The Twitter-24/7 Wall St. Market Watch (8/10/2010) China Trade, Ellison Ravages BP Board

Twitter has, by most estimates, 100 million members, which makes it one of the largest social networks in the world. All major media companies are on Twitter and some have more than one million Twitter users. It raises the question of whether there is wisdom in crowds.

24/7 Wall St. will look at the Twitter posts at Reuters Biz, WSJ, Financial Times, CNN Money, MarketWatch, CNBC, and 24/7 Wall St. each day to see which stocks.

NYT: Saudis Back Away From Threat to Shut Down Blackberry http://nyti.ms/beG3DB

Business Insider: The Oil Price Surge Indicator Says There’s A 100% Chance Of A New Recession http://read.bi/cf4ADd

CNN Money: Census Bureau returns $1.6 billion of its operational budget http://bit.ly/9ULIjA

FT: China trade surplus widens further: The jump in July, the highest in 18 months, raises new questions about whether… http://bit.ly

CNN Money: Census Bureau returns $1.6 billion of its operational budget http://bit.ly/9ULIjA

Reuters Biz: China trade surplus soars as domestic demand flags http://link.reuters.com/dys24n

Reuters Biz: Fed ponders more easing as economy stumbles http://link.reuters.com/dyn24n

MarketWatch: China’s July exports rise 38.1% vs. year-earlier period, beating forecasts http://on.mktw.net/bS90ZT

WSJ: China’s trade surplus widened to a much higher-than-expected $28.7b in July (economists expected $19.6b) http://on.wsj.com

Yahoo! Finance: Oil falls to near $80 ahead of Fed meeting http://yhoo.it/8XV2za

Daily Finance: Saudis Give BlackBerry a Stay of Execution http://bit.ly/bbLaCy

Daily Finance: Billionaire Larry Ellison Blasts HP Board for Mark Hurd’s Ouster http://bit.ly/d0INzY

Douglas A. McIntyre