The Twitter-24/7 Wall St. Market Report (2/10/2011) Jobless Claims, Jobless Claims

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

NYT: Jobless Filings at Lowest Level Since July 2008 http://nyti.ms/hLAa6O

Reuters: Jobless claims drop to 2-1/2 year low http://dlvr.it/GFl1d

CNNMoney: Jobless claims fall to 2-1/2 year low http://bit.ly/h2282b

Bloomberg: U.S. Initial Jobless Claims Fall to 383,000, Lowest Level Since July 2008 – http://ow.ly/3TR1h

Zerohedge: Initial claims data is for week of February 5 when most of America was covered in blizzard… Odd this is not mentioned

MSNBC: Jobless claims drop to lowest level in 3 yearshttp://on.msnbc.com/hznn5K