Admittedly one of the few ways the Bloomberg Terminal distinguishes itself from the rest of the pack of financial data reporting, is the excellent News tracker. When you are viewing any chart, for example historical prices of a share, you can click on any point of the chart to view the news stories that occurred at that particular date and time.

I liked this little feature so much (it can make a lot of trends immediately obvious) that I’ve implemented my own little version for my news-equity correlation project, which could capture emailed Bloomberg stories and save them in a database. This was soon extended to capture stories from prespecified Google Alerts, and the task at hand was to learn to predict trends in the share price based on patterns in the news stories.It looks like Google has been busy. The all new, Google Finance site has this amazing little feature, and though it might not have as much content as Bloomberg, it is slick, functional, and appealing. I will be using this often.

This entry was posted on Thursday, March 23rd, 2006 at 4:12 pm and is filed under internet, software, finance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.