UNO UPDATE: New World Order News Digest

Mystery Trader betting billions on a catastrophe that the markets will crash and burn gets busted.

Someone is betting billions

http://www.google.com/search?
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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/
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Financial News: Mystery Trader Bets Market Will Crash By Third
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MarketTicker Forums Read Message in Breaking

BBC News Incredulity as bank fraud unfurls BBC News, UK - 1 hour ago Questions have been raised over whether the trader was really acting alone, as the bank has claimed. But one man who has questioned Jerome Kerviel remains ...

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