The Twitter-24/7 Wall St. Market Report (2/21/2011) BP In India, Silver Hits High

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

BBC: BP in pact with India’s Reliance http://bbc.in/fuUwLs

CNNMoney: Libya unrest drags on Europe stocks http://bit.ly/hUJat5

NYT: Diageo to Buy Turkey’s Mey Içki for $2.1 Billionhttp://nyti.ms/hjQ5vk

Zerohedge: Silver Takes Out Hunt High… When Priced In Euroshttp://is.gd/bKnGug

Reuters: BP to Pay $7.2 Billion for India Energy Fields Stakehttp://nyti.ms/i4EEmG

Douglas A. McIntyre