Did You Know...

   

AP Twitter account hacking leads many to re-examine strategy of basing investment activity on Tweets from the AP

Share
By Doug Powers  •  April 23, 2013 04:39 PM

**Written by Doug Powers

The Twitter feed of the Associated Press was apparently hacked earlier today. Screen shot via Twitchy:

null

From the looks of it, a lot of market players base their investment strategies on AP Tweets.

From Marketwatch:

Stocks pushed higher Tuesday, after briefly tanking following a fake Associated Press tweet said there were explosions at the White House.

The AP said its Twitter account was hacked and stocks quickly bounced back. Strong earnings and a positive reading on the housing market overshadowed gloomy news about the pace of global growth.

I guess it could have been worse:

The AP will now try and figure out who hacked their account (the hacking was preceded by a phishing attack). They might also want to try to find out if any of their employees just coincidentally did some short selling during that brief time. Meanwhile, Janet Napolitano is expected to offer the AP employee in charge of their passwords a job working border security.

null

Arrow above shows the time when investers started dumping stock after false information led them to believe Joe Biden might somehow end up in charge of the country

**Written by Doug Powers

Twitter @ThePowersThatBe

blog comments powered by Disqus

5th Circuit Court agrees with Obama 2008-2013™ that Obama 2014-2015™ executive amnesty is unconstitutional

May 26, 2015 09:05 PM by Doug Powers

obamaimmigration

Retroactive brilliance from constitutional scholar

Dems: Affordable Care Act not ‘affordable’ and lacking ‘care’ so give us more money to fix it

May 26, 2015 08:33 AM by Doug Powers

pelosipassit

The perpetual funding machine

DNC kicks off Memorial Day weekend the only way they know how

May 23, 2015 01:47 PM by Doug Powers

fawning

Another holiday as seen through Hope™-tinted glasses

Obama: U.S. not losing to ISIS, but definitely getting pushed around by ‘climate change’

May 21, 2015 08:21 PM by Doug Powers

obamaclosing

Kool Aid is for closers


Categories: Al Qaeda, Barack Obama, Enviro-nitwits, global warming, Iraq, War

Follow me on Twitter Follow me on Facebook