For those of you who still aren’t convinced about the power of social media, here is a fascinating article about some new research showing that the mood on Twitter can predict which way the stock market will go a few days later. The researchers admit that they have no idea why this is the case, but it is impressive nonetheless that they are able to make such predictions.
http://www.wired.com/wiredscience/2010/10/twitter-crystal-ball/
Makes sense as the wisdom of the market is not that wise. It's a factor of information availability and judgements. Who better to base your judgement than your friends/family!
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