Mini stock ‘flash crash’ as Donald Trump, Jr. releases emails

More New York Times-instigated fake news posing as real news gets Wall Street in a brief tizzy Tuesday morning.

0
575
Cartoon by Branco. Reproduced by permission. (See link below)*

WASHINGTON, July 11, 2017 – In yet another consequence of essentially fake news, Wall Street experienced what could charitably be termed a mini “flash crash” at approximately 11:30 a.m. ET on Tuesday. The “news”? Donald Trump Jr. released a batch of emails dealing with an encounter he had in the summer of 2016 with a Russian attorney who claimed she had information/emails that would prove damaging to the Clinton campaign.

The Dow Jones Industrial Average plunged approximately 100 points almost instantly after the story hit the wires. But within 30 minutes, the DJIA – along with other market averages – had recovered to the point where it had stood prior to the release, roughly flat on the trading day.

The story of Donald Trump Jr.’s brief contact with Russian attorney Natalia Veselnitskaya was in the news over the weekend, courtesy, as usual, of the relentlessly pro-Hillary, anti-Trump New York Times. The subsequent “email chain” release this morning was Trump Jr.’s rapid response to what amounts to another news “nothingburger,” as the verified, brief contact had been pushed to the younger Trump by a PR flak.

(To read the most crucial emails in the chain and for a longer, legal discussion on this latest anti-Trump political nonsense, check out this detailed article – penned by veteran attorney John Hinderaker – via PowerLine.)


The brief meeting that actually occurred produced zero information from the “source” after Trump Jr. queried her and discovered she had no information of any kind. At that point, the already brief meeting was terminated. It’s not even certain at this point that she had ties to the Russian government to begin with, as she tries to explain today in an otherwise typically anti-Trump NBC News piece.

According to an equally overhyped CNBC article on the email release, Wall Street traders – likely led by HFT supercomputers, which trade on rumors and headlines rather than on stock fundamentals – briefly freaked out:

“‘People just got spooked by that. Selling begot more selling,’ said Jeremy Klein, chief market strategist at FBN Securities. ‘This isn’t anything we didn’t know.'”

In other words, in half an hour or less, stocks returned to the uncertain pattern they’d developed earlier Tuesday morning. As of 1:20 ET today, business continues as usual. Meanwhile, Donald Trump Jr. will be interviewed by Sean Hannity on the Tuesday evening edition of “Hannity” on Fox News. The interview is set to air at 10 p.m., according to Fox.

Clearly, it didn’t take long for professional traders and investors to realize this content-free story is yet another New York Times/MSM clickbait drill designed to keep the anti-Trump Russia Meme going long past its sell-by date.

*Cartoon by Branco. Reproduced with permission and by arrangement with LegalInsurrection.

Click here for reuse options!
Copyright 2017 Communities Digital News

• The views expressed in this article are those of the author and do not necessarily represent the views of the editors or management of Communities Digital News.

This article is the copyrighted property of the writer and Communities Digital News, LLC. Written permission must be obtained before reprint in online or print media. REPRINTING CONTENT WITHOUT PERMISSION AND/OR PAYMENT IS THEFT AND PUNISHABLE BY LAW.

Correspondingly, Communities Digital News, LLC uses its best efforts to operate in accordance with the Fair Use Doctrine under US Copyright Law and always tries to provide proper attribution. If you have reason to believe that any written material or image has been innocently infringed, please bring it to the immediate attention of CDN via the e-mail address or phone number listed on the Contact page so that it can be resolved expeditiously.