Why you should always double or triple check your sources.....

[BaiHu]

The Fake news:

http://www.businessinsider.com/ap-tw...e-house-2013-4

The Real reaction:

http://www.zerohedge.com/news/2013-0...t-exodus-looks

FacePalm!

[mnealtx]

"For those with trailing stops, our condolences..."

No doubt!!!

[TCinVA]

Let me get this straight:

Somebody hacked the Associated Press twitter account and faked a report of a bombing at the WH, injuring the president.

In response, somebody somewhere flipped a switch and a bunch of software programs that perform stock market operations on autopilot went into SELL EVERYTHING!!! mode for a few seconds, dropping the market considerably...and then either got flipped back into BUY EVERYTHING!!! mode and bought back all the stuff that was sold in the few seconds.

Is this more or less accurate?

[BaiHu]

Let me get this straight:

Somebody hacked the Associated Press twitter account and faked a report of a bombing at the WH, injuring the president.

In response, somebody somewhere flipped a switch and a bunch of software programs that perform stock market operations on autopilot went into SELL EVERYTHING!!! mode for a few seconds, dropping the market considerably...and then either got flipped back into BUY EVERYTHING!!! mode and bought back all the stuff that was sold in the few seconds.

Is this more or less accurate?

One MAJOR difference. When you said that 'In response, somebody somewhere flipped a switch and a bunch of software programs', you mean some news reader set to an 'if/then' statement, read the AP Tweet and 'auto-piloted' the sell, triggered an alarm and then either another algo or, finally a human being, re-set the algo in order to stave off a complete worldwide economic panic.

If anyone knows more about my rudimentary understanding of the algos, please step in.

[JFK]

BaiHu,

There is a fictional book called Deamon that you would love. Very much like your last post....

[BaiHu]

Thanks!

Sent from my SCH-I535 using Tapatalk 2

[ToddG]

One MAJOR difference. When you said that 'In response, somebody somewhere flipped a switch and a bunch of software programs', you mean some news reader set to an 'if/then' statement, read the AP Tweet and 'auto-piloted' the sell, triggered an alarm and then either another algo or, finally a human being, re-set the algo in order to stave off a complete worldwide economic panic.

So what you're saying is: Skynet was doing a dry run...

[BaiHu]

So what you're saying is: Skynet was doing a dry run...

For the fifteenth time or so in five years.... Does that make it drier or wetter?

Anyone?
Anyone?
Beuller?

Sent from my SCH-I535 using Tapatalk 2

[WDW]

So what you're saying is: Skynet was doing a dry run...

That explains that rather large fellow at my door earlier asking me if I was Sarah Connor...

[TCinVA]

That explains that rather large fellow at my door earlier asking me if I was Sarah Connor...

Who is your daddy, and what does he do...