%% Good points;probably will not be as severe as 1929, even though in hindsight,QQQ did about that bad.And all the dirt- storm -topsoil blew into Chicago, not out of Chicago.LOL. As far as ''insider'' trades on the airlines, maybe, maybe not BAC + C related have done badly, for a long time. IBD uses put call ratio as contrary indicator .........,
Here goes a great example of how providing facts to the misinformed, versus the uninformed, just makes them hold on to their misinformation even harder, just watch and see botpro's response..... botpro, the claims you're posting from a conspiracy theorist website have been thoroughly debunked. For example, the 9/11 Commission found that "Highly publicized allegations of insider trading in advance of 9/11 generally rest on reports of unusual pre-9/11 trading activity in companies whose stock plummeted after the attacks. Some unusual trading did in fact occur, but each such trade proved to have an innocuous explanation. For example, the volume of put options — instruments that pay off only when a stock drops in price — surged in the parent companies of United Airlines on September 6 and American Airlines on September 10 — highly suspicious trading on its face. Yet, further investigation has revealed that the trading had no connection with 9/11. A single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. Similarly, much of the seemingly suspicious trading in American on September 10 was traced to a specificU.S.-based options trading newsletter, faxed to its subscribers on Sunday, September 9, which recommended these trades. The SEC and FBI, aided by other agencies and the securities industry, devoted enormous resources to investigating this issue, including securing the cooperation of many foreign governments. These investigators have found that the apparently suspicious consistently proved innocuous." (https://books.google.com/books?id=I...ved=0ahUKEwj29t2kqpHLAhXJ_R4KHY1mD0UQ6AEIHTAA) So, botpro, were you unaware of the 9/11 Commission's findings on this matter, or do you think they are lying? Do you know who actually did trade those put options, if the Commission was lying, or you're just sure it was someone with foreknowledge of the attack cause you read it on the interweb? Let me guess, that fascist Obama was behind the attacks as well? Or will you prove me wrong and admit that you were in fact misinformed and now that you know the truth you'll stop spouting this misinformation going forward?
From what I remember, I was watching the ES in the pre-market and it was trading...when the first tower was hit, the market didn't even really react...the second tower was hit and the market began to plunge...but I do remember that there was a significant lag (and this was pre-HFT/algo's, etc)...futures closed soon after..
I'm sure the commission report is incorrect, to a great amount nothing but lies, ie. "govt ordered truth" in newspeak ;-) Just curious: why don't you doubt it when there is that much evidence available against the 9/11 Commission report?
Easy to get that info from Yahoo's Historical Quotes. Below is a spreadsheet with data for September 2001, should be self-explanatory. I don't think anybody made 150x on a 5% SPY drop from Sept. 10 to the 18th. SPY During September 2001
That's the index, you rather should research the directly involved companies like United Airlines, American Airlines etc. My options calculator says that Put options with a maturity of 17 days in Sep 2001 and a historical volatility of 30% and a drop of the underlying of 42% made 1250% profit, ie. 12.5 times the investment.
Thank you botpro for making my point, you types never disappoint! Isn't that fascinating how he throws out a crazy conspiracy theory as fact, and when someone discredits the theory it makes him cling to it all the more? Despite having no evidence he can come up with to support this tightly held viewpoint. Let me ask you another question, just to further my point. What would it take to prove that you're wrong in a way that you would admit it? I'll give you an example of what would prove me wrong. I believe that a single U.S.-based institutional investor with no conceivable ties to al Qaeda purchased 95 percent of the UAL puts on September 6 as part of a trading strategy that also included buying 115,000 shares of American on September 10. If you showed me the trade confirms from another individual, individuals, or companies that contradicted this, which could be validated as real, I would change my beliefs and agree with you. Is there something similar that could get you to change your beliefs and agree with me (and the 99% of the rest of the world)? Or will you doggedly hold on to those beliefs despite any and all evidence to the contrary and lack of any evidence to support your point of view beyond your completely unsupported assertion that "I'm sure the commission report is incorrect, to a great amount nothing but lies"?
Hey Sig, just believe what you want, but respect the beliefs of others who don't believe you or the govt, or both... ;-)