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.

CNN Money: IMF says double-dip recession unlikely http://bit.ly

CNN Money: Private sector employment declines by 39,000 in the latest month, according to payroll processor ADP. $$

Reuters Biz: IMF revises U.S. growth down, jobs picture bleak http://dlvr.it/6c1N2

Reuters Biz: Private sector sheds 39,000 jobs in September http://dlvr.it/6c1N3

Reuters Biz: Planned layoffs edge up in September: Challenger http://dlvr.it/6btT3

Reuters Biz: Fitch downgrades Ireland on bank clean up, economy http://dlvr.it/6btT4

Douglas A. McIntyre