Twitter has, by most estimates, 100 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 tweet are a sign of which companies the Twitter universe is interested in. These financial sites are followed by a combined 625,000 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.

Among the daily top trending  symbols on stock twitter aggregator StockTwits are Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), BP plc (NYSE: BP), American International Group, Inc. (NYSE: AIG), Joe’s Jeans Inc. (NASDAQ: JOEZ), Baidu, Inc. (NASDAQ: BIDU), Transocean Ltd. (NYSE: RIG)

FT: Germany set to extend short-selling ban: The German government is planning to ban the naked short-selling of all G… http://bit.ly/dc7ULO

Marketwatch:  Bank of Korea intervenes to defend won: reports http://on.mktw.net/dBcduA

CNNMoney: Consumer confidence on the rise http://bit.ly/bUt0rf

CNNMoney: U.S. stocks join global decline http://bit.ly/9VtR5C

Reuters_Biz: Home prices show renewed pressure: S&P http://link.reuters.com/xeh36k

Reuters_Biz: Fed’s Bullard: Rate policy dictated by econ progress into 2011 http://link.reuters.com/qyc36k

Douglas A. McIntyre