I heard on a podcast today that there is now software that analyses twitter feeds (and I suppose it does or will analyse all sorts of other human generated data) to get the mood of “the people” (consumer confidence) and then uses that information to make investments…from my understanding it just reads keywords (positive or negative) that aren’t even related to anything having to do with investment.

i.e:
my friend lost his job.
I really hate the weather today.
I really like the new album/movie/tv show etc

That’s awesome!

I suppose it’s only a matter of time before there’s a mutual fund that is completely managed by software. Thus taking the irrationality out of markets and disemploying a bunch of wanker bankers…

I see a reality TV show here…