(Reuters) - Stocks turned volatile on Tuesday, sharply cutting gains for a few minutes and then bouncing back, after a "bogus" Associated Press report about explosions at the White House.
Vitus: Some folks lost some serious money here. Since the drop and pullback was so violent, it was probably "professionals", so who cares :-).
In days of yore BT (Before Twitter) there was no way for AP to post a spurious instantly widely seen report. The issue of COT (Crap on Twitter) continues to rear it's head (dark-skinned male sought as suspect in Boston; Bullying, blah).
We hate the term, but we think Twitter, at least, has a good chance of "self-regulating":
A tweets: CNN: North Korea nukes Japan!Tweeps will learn to watch for this. Don't know what the longer term implications are.
B tweets: CNN says this is bogus.