Flash Crash Today

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Flash Crash Today

#1  Postby Sovereign » Apr 24, 2013 1:22 am

I know this thread was posted in the News & Politics section but I wanted create a separate thread just dealing with the effect it had on the markets today.

Twitter may have caused a flash crash, but the problem is not Twitter's. Any market so vulnerable to an errant tweet probably has bigger problems.

The U.S. stock market crashed momentarily on Tuesday afternoon after the Associated Press' Twitter account was hacked and a hoax tweet was sent out that suggested explosions at the White House had injured President Barack Obama. The Dow Jones Industrial Average dropped about 150 points in a matter of seconds before bouncing back when traders realized the tweet was false. And it wasn't just the stock market -- currencies, commodities and bond markets were also briefly shaken.

http://www.huffingtonpost.com/2013/04/2 ... 1366748843
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