Guy with his intellect can't be a good trader. Then again, I know a couple of traders who are the dumbest shit-for-brains morons who could'nt tell their ass hole from their mouth even if their life depended on it. If this retard actually trades, he's probably like them.
I will summarize the case, then move on because there is no point in repeating: Generally I don't trust the government. Thus when one government body investigates another one, I tend to be suspicious, and highly sceptical. Using common sense also help a lot. The SEC never finished its investigation or issued a closing finding on it. I find that interesting. The 911 Commission is a different body with different goals. It was against their best interest to find anybody in the government with foreknowledge of the attacks and not trying to prevent it. The media first reported widely the unusual stock and option activities, but when it started to come out that the put buyings were done not by the terrorists but by people on our side, the whole news were dropped like hot potato. The difference in probabilities in a game and in crime is huge. I buy 1 coincidence, I even buy 2 coincidences, but when we have 10 of them, we have a smoking gun. Let's get a quick list of companies with unusual activities for the last time: - airlines: UAL, AMR - financial :Merrill, Morgan Stanley, Bank of America - military: Raytheon - reinsurance: Munich Re, AXA group, Swiss Re - 5 year US treasury notes Again, we have 10 coincidences here. But the biggest coincidence is Mr. Krongard, an executive director of the CIA who used to chair the very same unit of Detusche Bank where most of the put buying occured in Germany. 3 days later the executive for the very same unit (Alex Brown) resigns without any explanation. Geee, that's what I call coincidence! Now going back to the Commission report, they only explained the 2 airlines, not in a very statisfactory way. Funny thing was they brought up AIG, but nobody asked them about AIG. It looks like they were happy to find an explanation and threw it in to help their case. Quote from Pabst: but don't get hung up on BS like 900% of normal volume, blah , blah, blah. Equity options aren't real volume heavy. I've seen stocks that trade 30 options a day suddenly trade 10,000 in a day because a random manager decides to use some esoteric strategy. I know but it would have helped the SEC/Commission's case if they pointed out a few examples in the week prior 9/11. And see what I said about 10 coincidences. I would BET BLIND that we would find a couple of DOZEN stocks with weird volume preceeding 9/11. Don't bet, show. But again, we are getting back to probabilities. Let's say you find 20 more unrelated companies with unusually high option volume. That would be still 30% high volume activities happening in 9/11 related companies, and compared to that we have like 6000 stocks, a very low probability. No one SMART enough to concoct this plan would be STUPID enough to trade U.S. Exchange traded options. Well, a good point but: - there are stupid criminals too. So just because we think it is stupid to do so, that doesn't prevent people actually doing it. - what if we had more people/groups doing the buying and they all diversified (thus buying relative small number of puts), but they happened to diversify all into the same companies, thus altogether made a splash? Generally I agree, I had just shorted ES, the most liquid future and nobody would have ever noticed the volume. But the guys forgot to call me first...
I found this gem on coincidences: "Dylan Ratigan of Bloomberg Business News, speaking of the trading on Morgan Stanley and other companies, says, âThis would be one of the most extraordinary coincidences in the history of mankind if it was a coincidence.â [ABC News, 9/20/2001]"
If anything, a lack of unusual activity would be a better indicator of a government conspiracy. It would be astonishingly stupid if Al-Qaeda, (and all their co-conspirators) didn't short the markets leading up to the 9/11. It's funny how people so often arrive at the exact wrong conclusion when that conclusion supports their preconceived notions of the world. (IE; Bush is hilter, Republicans are Nazi's, the world is going to end because Bush is the anti-christ, etc ....) One has to develop a sense-of humor because reading such lapses in logic might drive you mad, and the internet is saturated with all varieties of ridiculous non-sense of this sort.
http://www.prisonplanet.com/articles/march2005/180305groundzero.htm you all know i love pabst.. he is my favorite POODLE. here you go POODLE.. watch this and enjoy your master admitting to the controlled demolition.
HOW THE FARK CAN ANYONE WATCH THAT VIDEO AND SAY 100% WITHOUT A SHADOW OF A DOUBT THAT THERE ISN'T EVEN A REMOTE POSSIBILITY THAT THERE IS SOME SORT OF GOVERNMENT TYPE OF COVERUP??? seriously... facts are facts here... man this pisses me off
the building was brought down allright, that's pretty obvious...still, it is really not the smokin' gun but raises questions about the attacks since the guy who owned wt7 sort of decided for no apparent reason it was time to collect some free insurance money.