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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: MythMan who wrote (342018)	8/27/2007 1:30:06 PM
From: Lucretius	Read Replies (4) of 436258

looks like bin laden is buying poots. Market Crash Forecast Suggests New 9/11 Mystery trader bets on huge downturn that could only be preceded by catastrophe 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 <http://mparent7777-2.blogspot.com/2007/08/45b-bet-on-another-911-within -4-weeks.html> . The trader stands to make around $2 billion from their

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