|
|
|
|
|
Analyst:
Mystery Trades Were Profit Scam For Fearmongers
A financial analyst has slammed the so-called "Bin Laden trades" as part of a fearmongering scam that was used to chill confidence in the markets and enable insiders to reap huge profits after stocks plunged earlier this week. As we reported last month, an anonymous investor placed a bet of 245,000 put options on an index of Europe's top 50 stocks falling by a third to a half before September 21st. In addition, unusual options were placed betting on a big drop in the S&P 500. This led many to speculate that the trader was exploiting foreknowledge of a new 9/11 or another imminent catastrophe that would send markets tumbling. (Article continues below)
However, market analyst Clif Droke of SilverSeek.com has slammed the trades as being part of a "summer of fear," a scare tactic used by insiders to profit from consequential dips in stocks as the credit crunch sunk its teeth in. ---------------------------------------------------------------------------------------------------------------
The fact that the massive put options were placed is not in doubt. Dow Jones Financial News confirmed the trades in their August 16th article, 'Mystery trader bets market will crash by a third'. But was this part of a broader strategy to chill confidence in the markets and make a more widespread profit after stocks dipped following the Northern Rock bank crisis at the end of last week before the Fed cut interest rates? ---------------------------------------------------
Prison Planet.tv: The Premier Multimedia Subscription Package: Download and Share the Truth! Please help our fight against the New World Order by giving a donation. As bandwidth costs increase, the only way we can stay online and expand is with your support. Please consider giving a monthly or one-off donation for whatever you can afford. You can pay securely by either credit card or Paypal. Click here to donate. |
||||||
Email
