Obama AP Twitter Hacked and Market Reaction

By Chris on 2013-08-26 in E-mini Trading (0) Comments

Twitter Account Hacked - For those of you new to the new age of technology may be asking why this is located here. Well today 4/23/2013 the market took notice in a big way. It may be safe to say that from here on out you must keep up to date on a term such as this.

The False Tweet's Effect On the Market

A tweet came in from @AP which is the Associated Press account. This twitter account was hacked and falsely claimed injuries to President Obama by way of two explosions at the White House. The market itself reacted of course to this news as you can see in the chart below :

twitter hack causes intra day market crash

Today's markets now react to social media technology and it would behoove you to keep these anomalies in mind. Determining this to be a false or true event real time is a process that I myself have no interest in trying to do, but understand the effect of all mediums on the markets movements.

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