Turmoil seems to be the default option for worldwide financial markets, but turns out there has been good news on the stocks front. According to a Bloomberg Businessweek article this week, U.S. stocks have had a solid 2012 so far, with the Standard & Poor’s 500 index up 9 percent this year, through Thursday, and Nasdaq up 15 percent. But the article also points out that hundreds of billions of dollars have fled the market here in the last three years.
It’s probably no surprise that skittishness reigns among average Americans, and institutional investors, too, given issues like the continuing economic volatility in Europe and more disappointing U.S. jobs data. But where many see problems, others see opportunities – including a new round of projects and vendors with semantic and sentiment analysis solutions aimed at helping investors ferret out what might be on the market’s minds.
The last couple of weeks alone saw the following unveiled:
- The EU FIRST (large scale inFormation extraction and Integration infrastructure for SupporTing financial decision making) consortium, which employs artificial intelligence to support financial decision making, launched its first running prototype of a technology that can extract and analyze sentiment about the financial domain from social media networks in near real-time. Read more