The Twitter-24/7 Wall St. Market Report (3/28/2011) Personal Income Up, Income Lags

Investing

Published: March 28, 2011 9:05 am

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

MarketWatch: NYSE-Euronext shares rise on talk of rival bid to Deutsche Boerse’s http://on.mktw.net/dYSsot

Reuters: Consumer spending rises 0.7 percent in Febhttp://dlvr.it/Lj9k7

WSJ: Nissan Sees Output Recovery Within Weekshttp://on.wsj.com/eWLzpY

Zerohedge: Savings Rate Dips As Consumers Spend More, Earn Less In February http://is.gd/SxU7BM

WSJ: Americans’ spending in February rose 0.7%, while incomes were up 0.3% http://on.wsj.com/hsTdl4

MSNBC: Consumer spending rose sharply in Oct.http://on.msnbc.com/gGCfMW

MarketWatch: U.S. disposable incomes pinched in February as prices rise http://on.mktw.net/hmPq2t

CNBC: Feb. Personal Income up 0.3%, Personal Spending up 0.7%

Douglas A. McIntyre

The Average American Is Losing Their Savings Every Day (Sponsor)

If you’re like many Americans and keep your money ‘safe’ in a checking or savings account, think again. The average yield on a savings account is a paltry .4% today, and inflation is much higher. Checking accounts are even worse.

Every day you don’t move to a high-yield savings account that beats inflation, you lose more and more value.

But there is good news. To win qualified customers, some accounts are paying 9-10x this national average. That’s an incredible way to keep your money safe, and get paid at the same time. Our top pick for high yield savings accounts includes other one time cash bonuses, and is FDIC insured.

Click here to see how much more you could be earning on your savings today. It takes just a few minutes and your money could be working for you.