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

Zerohedge: Statement By Irish Green Party Leader John Gormley: “The People Feel Misled And Betrayed”, Calls For Electionshttp://bit.ly/9yKfjx

Zerohedge: Failed Bailout Contagion: Portugal CDS 40 bps Wider On The Day, EURUSD Now Worse Than Friday Close http://bit.ly/dC5uyh

CNN Money: Economists see ‘sub-par’ growth ahead http://bit.ly/bjXxvQ

Reuters Biz: Irish seek aid as Europe tries to ensure stability http://dlvr.it/8xLXQ

Reuters Biz: Economists worried about U.S. inflation: survey http://dlvr.it/8xtL2

Yahoo! Biz: Ireland swallows bitter pill, asks EU for loan http://yhoo.it/bWyh3d

DailyFinance: U.S. Economy to Remain Weak in 2011, Survey Sayshttp://aol.it/b1boAG

Douglas A. McIntyre

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