Posted on 04/23/2013 12:14:47 PM PDT by Hojczyk
The US stock market went into a temporary tailspin after hackers broke into the Twitter account of the Associated Press and announced that two bombs had exploded at the White House, injuring Barack Obama.
“Breaking: Two Explosions in the White House and Barack Obama is injured,” said the fake “alert” from one of America’s most trusted news sources, briefly fooling some news outlets and sending the Dow Jones plunging 145 points in the space of two minutes — or 1 per cent.
The benchmark S&P 500 index also fell nearly 1 percent in the space of three minutes as the tweet hit the markets. With the S&P valued at roughly $14.6 trillion at the moment of the false tweet, that three-minute plunge briefly wiped out $136.5 billion (£92.2 billion) of the index's value.
(Excerpt) Read more at telegraph.co.uk ...
I would have bought calls on every stock in the Dow 30.
If you were thinking upward surge, think Joe Biden.
Even when he gets things wrong most of the time, he provides occasional comic relief.
Not so with BO. He is a bitter miserable man with zero sense of humor.
I guess “CONSERVATISMSUX!” wasn’t such a great password after all. :o)
“For about 7 minutes. All came back.”
Except I imagine the money changed hands - some lost millions, others gained millions. And the media treats it like “Kids will be kids”.
Two words: Joe Biden
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