The Twitter-24/7 Wall St. Market Report (4/12/2011) UK Inflation, US Budget Cuts

Investing

Published: April 12, 2011 8:25 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.

CNN Money: Judge kills Winklevoss twins’ zombie Facebook lawsuit http://bit.ly/fapsLP

CNBC: US March Small-Business Optimism Index Drops To 91.9 – small biz owners more worried about economy

Bloomberg: #JPMorgan, #BofA Earnings May Show Weaker Revenue – http://ow.ly/4ykqA

Zerohedge: UK Inflation Plunges As Retail Sales Drop By Most On Record http://is.gd/q3YgRj

FT: UK inflation falls unexpectedly: There was a sharp fall in March as supermarkets offered discounts on a wide … http://on.ft.com/eF0Nnh

CNN Money: 2011 Budget Cuts: Hundreds of programs face reductions. Total slashed: Nearly $40 billion. http://bit.ly/he89vw

Reuters: Nasdaq, Deutsche Boerse eye shareholders in NYSE battle http://dlvr.it/NDm8B

BBC: Surprise fall in inflation to 4% http://bbc.in/hsLk7y

Douglas A. McIntyre

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