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February 20 2012

06:50

Could Twitter predict the stock market?

Reuters :: When Richard Peterson first started meeting with hedge funds about eight years ago to pitch using social media to predict market movement, investment managers looked at him as if he had just arrived from outer space. Back then, what he was pitching them seemed pretty insane. Peterson, managing director of Santa Monica-based MarketPsych, said that social media can be mined for data about what people are thinking and feeling. And that, in turn, could translate into powerful investment ideas.

Continue to read Chris Taylor, in.reuters.com

Tags: Twitter