The Hassitt comment that turned around markets likely didn’t happen

Well this is what happens in an emotional market.

There were some major market moves on reports of a headline that Hassitt had said this:

For a few minutes it was everywhere but it looks like fake news. People were citing CNBC because they talked about the rumor but they didn’t report on it. Some were saying ABC but that also looks fake.

The huge bid in stocks based on it reversed.

The account I cited above now has 2.9K retweets on it and replied to me that they were citing CNBC. The thing is, they put it out before CNBC even mentioned it.

Everyone is trying to get news out quickly (including us) but this headline doesn’t look real.

This article was written by Adam Button at www.forexlive.com.