| Here's something that is snowballing through the internet today getting a lot of people spooked. Since they now find the Fed's are going to their undergrounder bunker retreat for a weekend pow wow. ============================== The fact that this latest activity by a single entity gambles on a complete collapse of the entire market by the third week in September, seems to indicate someone knows something really huge is in the works and they intend to profit almost $2 Billion within the next four weeks from whatever happens! This is really worrisome." http://www.google.com/search? =================================================== The mystery investor has bought put option contracts on the DJ Eurostoxx 50 index that will result in a profit if it plunges to 2,800 or below by the end of September. Based on the 2,800 strike price, the position covers a notional €6.9bn, and potentially even more using a market price of about 4,100 when the trades were done on Tuesday and Wednesday. The identity of the investor is unknown but market sources speculated it was either a large hedge fund hedging itself against deepening losses, or a long-only fund manager pressing the panic button to protect its gains. http://www.financialnews-us.com/ ============================================================ Financial News: Mystery Trader Bets Market Will Crash By Third ============================================================ MarketTicker Forums Read Message in Breaking ============================================================= |
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