Tuesday we learned a valuable lesson in the digital age, make sure it’s news before you trade on it.
AP’s Twitter account got hacked this afternoon with the hackers tweeting about explosions at the White House etc. It didn’t occur, but people retweeted and the markets reacted rather quickly dropping precipitously but also rebounding almost as quickly.
Still, you wonder who sold on the news or if some computer programs got freaked out by keywords or activity in the market. Here’s a shot of that activity from Nasdaq’s website.