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Why the AP’s Twitter Hack Should Have Been Much Ado About Nothing for Your Portfolio


“Don’t panic.”
–Douglas Adams

The headlines made for some potentially scary reading.

Breaking: Two Explosions in the White House and Barack Obama is Injured

AP Hoax Tweet and a bunch of lemmings retweeting and favoriting it

The impact on the markets was swift and precipitous, with a 140 point freefall within a couple of minutes of the release of those headlines. Other AP reporters scrambled to let the world know that the AP’s Twitter account had been hacked, and within five minutes, most of the world knew that there was no explosion at the White House and that President Obama was doing just fine. The markets quickly recovered.

AP Hoax Tweet market impact

In the five minutes of unnecessary panic, people lost money. The market dropped over 1%. For every seller, there’s a buyer, so somewhere – probably on the market floors in Wall Street – somebody made a quick buck (or a million) while others, most likely retail investors (finance speak for ordinary folk like you and me) got burned.

It should have never happened. This is a perfect example of what happens when Monkey Brain trades stocks.

Let’s explore why this headline should not have registered a blip in your investment portfolio.

To continue reading this article, please click on the link below:

http://www.hullfinancialplanning.com/why-the-aps-twitter-hack-should-have-been-much-ado-about-nothing-for-your-portfolio/

Jason Hull is a Fort Worth fee only, hourly financial planner who serves clients in Fort Worth, TX and Dallas, TX as well as serving clients nationwide.

<a href="https://plus.google.com/116275753988749274645/">Connect with Jason on Google+</a>

Hull Financial Planning is a Fort Worth, fee-only hourly financial advisor. The cities we serve in the Dallas-Fort Worth area include: 

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Comment   |  5 years, 9 months ago from Fort Worth, TX