Twitter predicts performance of individual stocks

We recently wrote about a study from Pace University that showed that the popularity of a company in social media can predict its daily stock price. Now economists at the Technical University of Munich (TUM) have launched a website that predicts individual stock trends based on Twitter chatter.

Wall Street blames the computers again

Yesterday’s sudden 1,000-point drop in the Dow Jones Industrial Average was created when a trading glitch caused Procter & Gamble, like a sinking ship, to suck down lots of helpless victims along with it. PG shares dove from $62 to $36 per share faster than Jim Cramer could yell “Buy!” on CNBC.