A computer scientist in the US has discovered that the correlation between the Dow Jones and the collective public mood was almost 90 per cent accurate.
The link raises the startling possibility that stockbrokers may one day be able to make bets on the stock market based purely on how people are feeling on Twitter and blogs.
Traders work on the floor of the New York Stock Exchange on September 18th 2008 as it lost almost 450 points in a day. Scientists say that Twitter might help to predict changes in the stock market
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MrNikbagtv's Take: I'm not going to take this serious, your not going to get me to actually believe this. People tweets can predict the stock market. In all my recent twitter experiences the only commodities that came up in my timeline was hip-hop trannies, groupies, and coke heads. Or sometimes I would get the occasional "#textthatleadstosex" trending topic. Now, when fake virgina, hepatitis confessions, and teenage sexual urges can b sold to the highest bidder; I would defiantly look for twitter as a main source.....
I know why this report came out. It is simple media control; make an non-existent issue, existent and relevant. You can probably get ready to start seeing tweets from people endorsing wierd items, like bacon and oranges. Be on the look out for the #pickablingnickelorzinc.....
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