The Twitter-24/7 Wall St. Market Report (10/14/2010) Aol/Yahoo! Merger? Foreclosure Debacle & Dollar Pounded by Yen

Twitter  has, by most estimates, 145 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 tweets are a sign of which companies the Twitter universe is interested in. Together, these financial sites are followed by nearly 1,000,000 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.

CNN Money: Yahoo surges on reports of buyout by AOL http://bit.ly/dlc3JG

CNN Money: Foreclosure auctions hit record as document crisis unfolds http://bit.ly/95ycYf

CNBC: #BREAKINGNEWS: SEC Inspector General: No Evidence SEC Lawsuit Against Goldman Sachs Was Motivated Politically -$GS case brought on merits.

Financial Times: Lockheed to sell advisory unit for $815m: Lockheed Martin has agreed to sell its Enterprise Integration Group for … http://bit.ly/dqvItz

Reuters Biz: Singapore hits dollar, U.N. body warns of FX war http://dlvr.it/71GBl

Reuters Biz: OPEC has agreed to keep output steady: delegate http://dlvr.it/715dD

Yahoo! Finance: World stocks hit two-year high, led by emerging markets http://yhoo.it/9U725K

Yahoo! Finance: Dollar hits fresh 15-year-low against yen http://yhoo.it/bi7SXH

Ashley C. Allen