AP hacked tweet plunges market momentarily

Is the hack itself a terror attack?

Markets Plunge Briefly on Fake AP Terror Tweet

A news agency tweet, that turned out to be fake about explosions at the White House injuring President Obama, sent markets on a round trip roller coaster road.

@AP, the official twitter handle of the respected Associated Press news agency, sent out a message at about 1:07 p.m. ET, saying "Breaking: Two Explosions in the White House and Barack Obama is Injured." The AP quickly said it was hacked.

White House Press Secretary Jay Carney said, "the President is fine" despite what the hacked Twitter feed said.

However, the market impact was already intense. On the floor at the Chicago Mercantile Exchange, traders quickly traded on the tweet, selling S&P futures and buying Treasury 10-year futures. For several minutes, the floor was a flurry of activity, as it was in trading rooms across Wall Street, until the Associated Press tweeted that its account had been hacked.

The Dow plunged more than 140 points and bond yields fell. Within six minutes, the Dow recovered its losses and was trading with triple-digit gains.

On days of great distress and horror, one must ask why does the press insist on disseminating disinformation?

I'm sick to my stomach with recent events in Boston. After getting just the very few facts I recognized every news outlet out there was scraping for news bits, inventing and propping up rumors. Worse, certain MSM outlets and individual use this opportunity to insinuate that this is some-how related to Americans whom hold opinion opposite to the liberal hegemony they reside in. Its disgusting and despicable. I, a news junky, cannot consume regular news these days, and CNN which was already on my "blocked" list, keeps digging itself in.

PS. It is not "Islamophobic" to notice that this attack resembles many ones perpetrated in the middle East. You have to be a special kind of moron to not see that.

Video: Bill O'Reilly keeps digging himself in with "bible thumpers"

Keep saying that phrase, see what it does to your ratings. Keep making a "news show" about yourself too - that elevates the debate doesn't? The higher you fly...



Don't you just miss those Hannety the handsome and Colmes the hideous grasshopper show days? Where every day the liberal bug was squashed , err... oratorily? Ya, know - victory on the field of ideas and stuff.

National retirement casino breaks all-time high, as nation suffers worst depression

Ready for DOW JONES 25,000? How about Trillion? You know, I'm no expert - but to me this is only a symptom of inflation - especially in the face of no GDP growth. Good luck cashing those retirement paychecks from your 401k.

Dow Sails Past 2007's All-Time High, Nasdaq Hits Highest Since November 2000

Stocks shot higher Tuesday, with the Dow Jones Industrial Average topping its all-time high, propelled by a better-than-expected ISM non-manufacturing index, upbeat economic data from Europe and as China pledged to meet its growth targets.

Meanwhile, in realville:
* Zero Hedge: The Last Time The Dow Was Here... : "we all know it's going to end badly, but in the meantime we can make some money"
* Former Obama Economic Adviser Destroys His Push for Minimum Wage Hike: "Obama is famously close-minded to views he doesn't already hold, which may explain why Christina Romer is back to teaching economics instead of running his Council of Economic Advisers. "
* AETNA CEO: Prepare for Obamacare Premium "Rate Shock" With 100 Percent Increases Possible Next Year

Dictator in the making: Obama threatens the press (and some of you started noticing too)

Welcome to reality folks, this isn't new. It just started to happen to more "mainstream" reporters.

* Obama has coordinated his attacks against Glenn Beck since 2009! Media was silent
* Obama was punishing Fox-News several times during his first term, and he restarted that effort since his reelection
* Obama has his goons run MSNBC to a fine tune
* Obama has publicly criticized the availability of information sources in modern age, urging college students to stick to Huffington Post.

And now, he goes after the Left's Watergate journalism hero: (Links directly from Drudge home page)
* WHITE HOUSE THREATENS WOODWARD: 'YOU WILL REGRET DOING THIS'...
* Watergate reporter blasts Obama 'madness'...
* 'It makes me very uncomfortable'...

They also went after Democrat operative Lanny David: LANNY DAVIS: WH threatened me, too...

The war on free press is disgusting, and doesn't stop there: USA Today reporter: I know more than a few reporters who’ve gotten White House e-mails like the one Woodward got

These are the actions of a dictator. Glad some of you started to notice.

US Government says you are a fellon, everyone of you

I heard this story when it happened but certainly didn't give it the proper attention. Consider this conversation in the comments of the relevant article at Rolling Stones:

1rdd: What am I missing here, I've read that Swartz copied copyrighted material and put it on the internet. Isn't that stealing? Then he was arrested and put in jail where he sadly killed himself. Not a hater but he broke the law and was arrested so why are people mad?

Barry Kort:

It's unlikely you read that in the mainstream media.

He downloaded scholarly journal articles onto his laptop (which he was legally entitled to do) but he downloaded them in bulk (which was a violation of the Terms of Service). He did not put them on the Internet. He returned the hard drive with the downloaded articles and settled amicably with JSTOR.

The CFAA, which he allegedly violated, makes it a felony to violate the Terms of Service of any web site you visit. That means that almost everyone who uses the Web is technically a felon under the CFAA.

1rdd : Ok. Thanks for the info Barry.

That's right, we didn't know. Time to raise your voice:
* The Brilliant Life and Tragic Death of Aaron Swartz
* Conservatives Should Take the Lead Against Government Injustice
Can you define a tyrannical regime any better? The tyranny of stupidity and malice, AKA Idiocracy.

Look buddy, you downloaded stale academic papers, it's 35 years in prison for ya. I'll leave this rope for you to think of what you've done
H/T to Ace of Spades who started me on the trail of this story

My state of the union recap

I didn't watch it, what's the point? Getting lied to? Exposing self to propaganda? I don't believe in this president's policies, in his picks for government appointments, and I'm pessimistic for the next 4 years. Don't see any need to get myself any further aggravated. This Marxist earned my : Anything but you and your way vote.

I don't understand why anyone would care about what he still has to say, in any forum or setting.