Brian Ross, ABC newsreader, blows it. Again.

But this time his haste caused the stock market to tank 350 points before partially recovering.

Ross reported form an unnamed source that Flynn was prepared to testify that Trump himself told Flynn to contact the Russians during the campaign. This bombshell dominated the news cycle more and longer than the Flynn guilty plea itself.

Markets dove instantly.

Several hours later ABC News issued a clarification, not a correction.

Later they issued a correction.

Ross previously reported the Aurora theater shooter was a Tea Party member.

ABC: 

"It is vital we get the story right and retain the trust we have built with our audience -- these are our core principles. We fell short of that yesterday. Effective immediately, Brian Ross will be suspended for four weeks without pay,"

Interpretation: ABC hides Brian Ross for awhile until pubic anger over ABC propaganda dissipates. Meanwhile he's being regaled with free drinks and dinners.

All this makes Ross perfect for American media.

Finally, knowing all this is information that you can use. Knowing the competition in media, and knowing journalist's unprofessional biases, and knowing they rely heavily on unnamed sources allows for savvy and agile investors with ability to check information quickly, to play the fast dives and fast recoveries.

The downside is that for this to work you have to actually watch things like ABC News.

Trailing stops are triggered but they don't tell you what triggered them. You can notice frenetic market activity but you have to discover what triggered it. In the time it takes for you to research it and realize it's Brian Ross again or something similar, so too have the other investors and the numbers have already crawled back.