As posted 6 weeks ago, March 21 is a significant date for 'Financial Terrorism' - and exacerbating the failing health of the US and World economies. Beware of the belated-Ides.
http://11amdesign.com/wordpress/?p=285 "Billions of put option contracts are betting that the stock market will crash by March 21st, signaled by the rouge put option trades on the NASDAQ-100 index through the Power Share (QQQQ) contracts" .... "What were looking at is roughly 3 BILLION DOLLARS of put option contacts putting pressure on the market. This is not the only put option contracts with huge imbalances. The entity or individual offering these sales can only make most of this money if the market drops 30%-40% within the next 8 weeks. If the market does not drop, the entity or individual involved stands to lose over $3 billion just for engaging in these contracts!" END This follows on the heels of the billions which were lost on the original "Bin Laden Trades" which were made prior to last 9/11; and which aftermath and giant loss went strangely silent afterwards, i.e. it was unreported- in the media about who-lost-what. I suppose that identities are protected in these trades, and we only know the brokerages involved (usually Alex Brown is playing a large role) but still... ... given the implications for the World economy, where any small push could in theory cause a "teetering giant" like the shaky US economy ... to rapidly fall into the abyss, converting a mild recession into possibly a real depression, this kind of important financial information should not be protected. What to do? ... write your congressman ? ... in an election year it is often easier to get things accomplished; a phone call could be made to the proper official at Treasury -and the truth discovered - at least if there appears to be good publicity in it for the candidate.... I am still of the belief that the large losses back in September '07 were taken by parties who had inside information (and very good credit) and enough reason to believe that a plan was already in motion. Since it did not happen then, that does not mean that the same plot is not still waiting for the better timing. One nuke from Monot is still missing, you will recall ;-( or is it? It is possible that this later version of Financial Terrorism, which is set for March 21- is a follow-on attempt by the same party from Sept (if it was not part of the Soc Gen scandal). Adding to the unease is CNN announcing that "A Political Earthquake" has just occurred as a result of the loss and political implication of a Democrat with zero experience (and physicist! no less, who stutters and is not charismatic) named Foster, who won Hastert's seat in a Special Election this weekend. This was the Republican's longest held seat and the loss could trigger some kind of Machiavellian counter-move as a desperation ploy.... (if you believe in that kind of thing).... Let's just hope that lost-nuke was never really lost after all. Jones
