Twitter has, by most estimates, 175 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: Retirement Account Fantasy And Middle Class Erosion – 1 Out Of 3 Americans Has Zero Dollars In A Retirement Account http://bit.ly/gNmmXf
FT: Fed fund boosted healthy banks: Some of the world’s strongest banks have profited from an emergency credit facil… http://bit.ly/e2uxV4
FT: AIG secures $4.3bn in credit lines: AIG, the US insurer bailed out by Washington during the financial crisis, sa… http://bit.ly/et5qfP
MarketWatch: Copper futures close at a record high Mondayhttp://on.mktw.net/eRy4pQ
Reuters: ECB fails to fully offset government bond buys http://dlvr.it/CFWhR
Reuters: Amazon says Kindle holding its own against tabletshttp://dlvr.it/CDbGk
Yahoo! Finance: Homebuilder ETFs: Bottom In Sight? http://yhoo.it/fSkQbR
Douglas A. McIntyre
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