Sunday, September 02, 2007

Another 9/11 disaster?

Mystery trader bets markets will plunge by a third
"An anonymous investor has placed a bet on an index of Europe's top 50 stocks falling by a third by the end of September, as world equity markets plunged for a third day and volatility hit a three-year high...
Based on the 2,800 strike price, the position covers a notional €6.9 billion, and potentially even more." (that's about $9.5 billion in USD. Is al-Qaeda planning to profit from its terror?)

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