Hackers send fake market-moving AP tweet on White House explosions

[quote]Reuters data showed the tweet briefly wiped out $136.5 billion of the S&P 500 index's value before markets recovered. Some traders attributed the sharp fall and bounce-back to automatic electronic trading.[/quote]

Convenient for CISPA.I wonder who was shorting stocks.Hack-Attack

[quote=hisah][quote=symbols]Hackers send fake market-moving AP tweet on White House explosions

[quote]Reuters data showed the tweet briefly wiped out $136.5 billion of the S&P 500 index's value before markets recovered. Some traders attributed the sharp fall and bounce-back to automatic electronic trading.[/quote]

Convenient for CISPA.I wonder who was shorting stocks.Hack-Attack [/quote]
Trading the US session since the May 2010 flash crash is akin to Las Vegas... No fundies nor TA functions right in the market. 200% plus (for lack of a better measuring gauge) manipulation hotbed with HFTs fighting out the trading contests.[/quote]

When it comes to that we are in agreement about HFT.Watched a documentary about it and I was just shocked.

@Cde found this rather awakening http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=12670-1 Dejavu?

[quote=Cde Monomotapa][quote=hisah]I like this magazine since it has proven over 7yrs to be a reliable contrarian signal. Back towards end of Oct 2012 the cover story bid farewell to the bull run in US. A month later the opposite happened and now we see all time highs.

http://online.barrons.com/article/SB50001424052748704377904578072603361812378.html?mod=BOL_archive_twm_ls#articleTabs_article%3D1

Back in March 2008 the cover story encouraged guys to buy the dip after the Bear Sterns panic since professionals were buying the discount. Need I say more...

This month the cover reads Dow 16000 with 74% of the surveyed money managers (professionals) bullish.

Next month will definitely be interesting for contra plays...[/quote]
This http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=12670-1 fits better here.[/quote]
And off the scale insider selling since Sept 2012.

[quote=Cde Monomotapa]@Cde found this rather awakening http://www.moneynews.com/MKTNews/billionaires-dump-economist-stock/2012/08/29/id/450265?PROMO_CODE=12670-1 Dejavu?[/quote]

Intel and Johnson & Johnson.I didn't expect that.