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BBS and 508 is up more than 15%.
Year to date leaving many investors.
Either excited or wondering whether this bubble is forming in the markets we have a little bubble effect here on your screen.
Well our next guest is using social media to figure it out Paul Houghton is -- Atlantic founder and CEO.
Do you hear what he's doing is joining us now from London and what you do is just aggregate Twitter mentions you look at how many times a certain word is used on Twitter.
And then you make investing decisions correct.
Yeah I kind of like that I mean.
And in this particular instance there's been a lot of talk of the last 23 weeks about the equity markets getting a little bit overheated.
So -- still maybe enters into -- a very simple study.
And take six months worth of twits it takes up.
And then search full of tweaks that contain the word bubble.
And then look for financial relate to terms -- find tweets that are related to the financial bubble or potential financial bubble.
All right so let's show a month after month what you saw that we put this together here -- you could see you way back to November December.
I think there are about a 168.
Mentions of a bubble then in December to January jumped to 181.
Let's go forward to February march we're now at 762.
Mentions of a bubble.
Then you see an exponential.
Jump four months 5 march to April 2009 had -- 84.
But now April to may.
Mentions of the word.
Bubble so if you tell me what does that mean -- -- how do you invest around that bit of aggregate information.
It's very interesting and and I guess is two ways to look at it.
One is that and it could simply just -- -- Listening and hearing about you know I potential bubble in the markets in just -- tweeting -- commenting about it onto itself.
But if it could also be.
Something a little bit more substantial enough and it conduction genuinely be.
The the the people in the industry starting to get -- -- -- concerns about the economy think it is -- and we could see some substantial correction very soon.
Well -- -- sentiment is very powerful thing and when the herd starts to get jittery in the herd moves it moves pretty quickly as examples of previous situations where you noticed a lot of mentions on Twitter or something.
And how you -- -- around that make money.
Plus Germany and in this little piece of work was more kind of just a general bit of analysis but -- -- -- cannot I'm -- what we did is we use social media -- And and then we look full.
Specific bits of news or information that are being posted on Twitter by just regular people around him to do witnessed events -- seen some people -- some -- And then we -- and -- to these bits of information not real time.
And then we -- on them so a good example and I think earlier on this -- it was cut cut.
-- cruise liner and -- -- -- -- then.
Knew it was coming into our Miami on its a virus cause serious virus struck out.
And somebody on the cruise ships and to tweets out saying -- a lot of people on this cruise ship not very well.
And then -- forty minutes off about depressing that the media picked up on not on the stock price of the account of the of the company.
-- two point 9% forty minutes later so that's a good example of how Twitter can can really help.
So what's your best guess about the word bubble and how many times it's mentioned do you think that at some point this is going to be enough to push the markets over the edge to a little bit of a correction -- -- want.
Yeah I mean potentially I mean there's no doubt about it you know the markets are looking quite high.
And but that doesn't mean the bubble can continue for little bit longer but I mean not me personally I'm not necessary taking initial positions on the market just Seattle but I am bearing miss seeing it into consideration going forward -- the next couple of months Paul hot enough -- Atlantic he's the founder and CEO and now we have.
Twenty plus thousand mentions of a bubble whereas it was just 200 a couple of months ago thank you so much for your perspective we appreciate it.
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