April 23, 2013

The Great Twitter Hack Scam of 2013

So by now most people have heard that a fake tweet from the Associated Press said that there were explosions at the White House.


Aiee! President Biden!

Well, Zero Hedge has tracked activity in the stock Market during that brief moment of confusion....wow! Looks like someone just happened to be ready to pounce and made out like a bandit in those three minutes. All the people who'd set their accounts to dump in the event of a crash...well they got hosed.

 ZH has another short article on this here where they look at the implications for just how fragile the current rally is.

Posted by: The Brickmuppet at 05:37 PM | No Comments | Add Comment
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