11 votes

AP Twitter hacked - claims two explosions @ white house Obama hurt - Market bounces

http://www.heavy.com/news/2013/04/ap-twitter-hacked-explosio...
1.9 million people see post for 4 minutes before AP can respond

http://www.marketwatch.com/story/ap-says-its-twitter-account...
Algorithms place orders based on headlines graph shows market momentary crash.
Sellers outraged. Happened in 1.5 minutes automatically. Started trend off the cliff. SEC to investigate.

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that chart is deceiving. 15pts aint no thing.

.

I was watching it in real time ...

... because I'm a daytrader, and it was pretty crazy, but not insanely crazy.

The market had a spike down and I thought maybe the Federal Reserve had come out with some unannounced news because that's about the only time those types of moves occur.

Then I saw it was false AP tweet. Market bounced right back to where it was. I'm glad I had gotten short just before that happened. I'd be pissed if I had been long and gotten stopped out. Here I thought I was a genius as the market tanked when it was just a fake hack on AP. LOL

Of course, the person who did it is an a**hole, but an organization like Associated Press should sure as hell have a secure password. Duh!

Keep in mind too, that SEC has recently said that companies can start using Twitter to issue public announcements on material information, rather than traditional channels of the various business news wires. Umm ... bad idea, I'm thinking.

This is not good

CISPA just passed the house. Predictions would suggest this will be used to justify signing CISPA into law.

His name is Edward Snowden

What is Capitalism?
http://youtu.be/yNF09pUPypw

This, and all the crap today

This, and all the crap today about the kids in boston using the "internet" autonomously to build bombs and worship Al waki. (sp) What a bunch of bull.

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

What I found interesting in

What I found interesting in this is that all the money went straight to treasuries and not into gold. Gold is no longer seen as a safe haven by most market participants.

Not true ...

... during those 5-10 minutes when stock prices spiked down and then back up again, both gold and bonds spiked up and then back down (reverse of what stocks were doing).

Bonds moved more than gold, but gold definitely did move, too.

Look at the volume.

Look at the volume.

That sounds like your average every day AP propaganda

Ratings can be fun

Whether you think you can or you can't, you're right. -Henry Ford

"Headline graph shows market

"Headline graph shows market crash?"

Barely.

It dropped 12 freaking points, although the percentage change was more than the average change before and after the dip.

More than 12 points ...

... Dow Jones Industrials went from 14,698 at 1:09 pm (ET) to 14,554 at 1:11 pm and back to 14,688 by 1:13.

Drop was 144 points.

I was looking at the SPX from

I was looking at the SPX from the link:

http://www.marketwatch.com/story/ap-says-its-twitter-account...

140 points in 1.5 minutes

140 points in 1.5 minutes

“Any man who thinks he can be happy and prosperous by letting the government take care of him better take a closer look at the American Indian.” ― Henry Ford.

Another hack job...Couldn't

Another hack job...

Couldn't help but laugh at some of the Zero Hedge comments...

http://www.zerohedge.com/news/2013-04-23/ap-reports-two-expl...

"Is Reggie Love hurt?"

"If this leaves biden behind the wheel I am going to be f@%^&%$ pissed"

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul