use twitter, make money fa$t
My colleague at Indiana University, Johan Bollen has patented an algorithm that allows him to link Twitter traffic to stock price fluctuations. Click on the link for the TV news item. A clip from the report:
An IU professor and researcher just received a patent for software that crunches hundreds of millions of tweets, to predict where the stock market is headed…
Think of this way: The thoughts of two or three million people probably don’t add up to much, but if you multiply that by tens or hundreds of millions of people, then you may have something.
“We find that when people get more anxious, then there is a great likelihood of the market dropping 3-4 days later and vice versa,” Bollen said.
Definitely check it out.