The Twitter-24/7 Wall St. Market Report (10/11/2010) Nobel Economics Prize, CNOOC M&A

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.

Zerohedge: In Lieu Of Interest Rate Hike, China Raises Deposit Reserve Ratio For 6 Banks By 0.5% For Two Months http://bit.ly/dcpHTa

FT: Trio shares Nobel prize for economics: Two Americans and a British-Cypriot have won the 2010 economics Nobel for w… http://bit.ly/c7LXt4

MarketWatch: Nobel economics prize awarded to Diamond, Mortensen, Pissarides http://on.mktw.net/aZ4K8S

CNN: Three share Nobel prize for economics http://bit.ly

Yahoo! Finance: 2 Americans, 1 British-Cypriot win Nobel economics prize http://yhoo.it/c8tAbZ

DailyFinance: CNOOC and Chesapeake Sign a $2.2 Billion Deal http://bit.ly/cpF5gx

Yahoo! Finance: Oil Pushes Above $83 http://bit.ly/94x7ib

Douglas A. McIntyre