The Twitter-24/7 Wall St. Market Report 10/5/2010 BOJ Rate Cut, Ireland Rating

Investing

Published: October 5, 2010 8:32 am

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 are most frequently mentioned. It is clear that in this area of social media these tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 Twitter users which makes them a sizeable sample of Wall St.’s interests. In some cases, we will publish the actual tweets from the sites.

WSJ: Bank of Japan Cuts Key Rate: In a surprise move, the Bank of Japan cut its overnight call rate to help ease th… http://on.wsj.com/a9Mvnw

NYT: Dealbook Column: Breaking Even on A.I.G. http://nyti.ms/c8x9p9

CNN Money: Bank of Japan cuts benchmark rate http://bit.ly/aPfh8t

Reuters Biz: Consumer loan delinquencies rise slightly: ABA http://dlvr.it/6Wb2L

Reuters Biz: Moody’s warns of Irish downgrade as recovery falters http://dlvr.it/6WXmB

FT: Bank of Japan in surprise rate cut: The Bank of Japan cut interest rates and pledged to keep rates at zero until p… http://bit.ly/aGGIWi

Yahoo! Finance: Japan’s central bank cuts rates to zero to fight strong yen, deflation http://yhoo.it/dnRTEu

Yahoo! Finance: Ford shows flagship Lincoln in overhaul: sources http://yhoo.it/8YhoF9 $F $MS $$

Douglas A. McIntyre

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