The Twitter-24/7 Wall St. Market Report (8/25/2010)

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: U.S. durable-goods orders rise a less-than-forecast 0.3% in July http://on.mktw.net/aRWr7N

Reuters Biz: U.S. millionaire index turns sharply bearish http://link.reuters.com/fej27n

Reuters Biz: Ireland stung by S&P credit rating cut http://link.reuters.com/fef27n

FT: Ireland downgrade leaves traders on edge:  e yen eased its ascent after policymakers in Japan step up their so-ca… http://bit.ly/98JNcu

FT: Facebook’s ‘value’ soars as investors seek pre-IPO stake http://bit.ly/aW9Epp

Yahoo Finance: Chinese bestselling book, the “Goldman Sachs Conspiracy,” accuses the investment bank $GS of trying to destroy #China http://yhoo.it/a06o7F

Douglas A  McIntyre