Another Huge Bet Placed on the Market Tanking
03/09/07 00:00 Filed in: Economy
Well, a few days ago, someone bet about $1.8 billion
that the broad market indeces would go down 30%
before september 21. Now a second big fish has jumped
in the pond and plonked down $4.5 billion on exactly
the same thing. I'm happy I sold all my stocks a
month ago, and I'm worried about why people are doing
this. They are very similar to the Bin Laden trades
that happened before 9/11. I don't like to sound
paranoid, but if something does happen, I want it on
my web site first.
Read a synopsis of the 2 big trades here by a guy on craigslist that likes to type in capital letters.
Read a synopsis of the 2 big trades here by a guy on craigslist that likes to type in capital letters.
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