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Market Crash Forecast Suggests New 9/11 Style Attack!

Quote:

A mystery trader risks losing around $1 billion dollars after placing 245,000 put options on the Dow Jones Eurostoxx 50 index, leading many analysts to speculate that a stock market crash preceded by a new 9/11 style catastrophe could take place within the next month.

The anonymous trader only stands to make money if the market crashes by a third to a half before September 21st, which is when the put options expire. A put option is a financial contract between two parties, the buyer and the writer (seller) of the option, in which the buyer stands to benefit only if the price of the asset falls.

"The sales are being referred to by market traders as "bin Laden trades" because only an event on the scale of 9-11 could make these short-sell options valuable," reports financial blogger Marc Parent .

The trader stands to make around $2 billion from their investment should an event trigger a market crash before the third week in September.

Such a cataclysmic jolt could only happen as a result of two factors, China dumping its vast dollar reserves in reaction to the sub-prime mortgage collapse, which it has threatened to do , or a massive terror attack on the same scale or larger than 9/11.

http://infowars.com/articles/sept11/...ts_new_911.htm

Some folks like gambling :winkwink:

But the odds are getting better for a few knocks on the market. China is obviously one and another is internal domestic economic problems.

Another is a decision by OPEC or a major oil producing country to change oil trading currency. This is already on the table being discussed, but no rush. However if the dollar continues to lose value - the likelyhood of a change in petro-currency rises. The effect of that if it was agreed by all OPEC countries, would be total disaster for US markets - and far supercede any effects suffered after 9/11.

Sure, a terrorist attack can and will happen any time, but the odds of turmoil in the market is slowly increasing at various levels without the "help" of any attack scenarios.

To gamble any of these elements may happen before late Septemeber is cutting it fine *lol*