The Twitter-24/7 Wall St. Market Report (5/20/2011) Gap Falls, Barnes & Noble

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.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.

Zerohedge: Gap down almost 20%. Nobody could have foreseen that margin collapse. Nobody

NYT: Greek Bonds Under Pressure http://nyti.ms/k65vIx

Reuters: Valuation worries drive Glencore below issue price http://reut.rs/mQqIyL

Reuters: Valuation worries drive Glencore below issue price http://reut.rs/mQqIyL

MarketWatch: Gap shares tumble 17% in preopen trading following weak results http://on.mktw.net/mrcBMJ

CNN Money: Barnes & Noble gets $1 billion buyout bid from Liberty Media http://bit.ly/kzeMIj $BKS

Zerohedge: China Becomes World’s Larest Gold Buyer – Buys 93.5 Tonnes Of Gold Coins / Bars in Q1 http://is.gd/iLmgsL

Douglas A. McIntyre