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neptath · 4323 days ago · link · · parent · post: Markets briefly plunge after AP’s hacked Twitter account falsely reports White House explosions
I think it's the uncertainty associated with a disaster or tragedy: nobody knows what's going to happen, and thus, stocks are not the safest place to be - cash or gold is. Hence why traders dumped stocks and snatched up gold, it's much safer if you don't know what is going on.