I was blogging about a conference for Barron's Online but the following was not quite suited for them. Here is what I wrote.
At the #Stocktoberfest conference by social media platform @Stocktwits, founder Howard Lindzon suggested the price and volume are changing. We need more in the analysis and that means “people” data”. What are people saying about the market or individual stocks? Who is buying and who is selling? This information can help investors decide is there is too much buzz around a stock or perhaps too much bearishness.
Lindzon added that this distributed thinking means that there is no more high profile analyst coming down from the mountaintop saying to buy or sell. With social media, investors need not be experts in all types of analysis and can access the collective wisdom of everyone in the market.