Market Crash Forecast Suggests New 9/11
Market Crash Forecast Suggests New 9/11
Mystery trader bets on huge downturn that could only be preceded by catastrophe
Prison Planet | August 27, 2007
Paul Joseph Watson
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.
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