There were a lot of insider trading before 9/11, most leading back to CIA front companies and operative "Buzzy" Krongard.
"Here's a conpiracy for you"
Over the past several months the internet noise concerning a terrorist attack on America has increased. Director of Homeland Security B. Chertoff recently announced he a gut feeling that an attack was eminent. so what if the stock market nosedive was nothing more than then the well connected getting the signal to get out and avoid HUGE LOSSES BEFORE AN ATTACK? Moreover, only the super-connected would remain in the market to make HUGE PROFITS on short selling when the attack actually occurred. I would also expect an upsurge in gold purchases. My speculation would imply that an attack is near. I hope that I am wrong but my gut tells me that something is brewing.
source:
http://www.marketoracle.co.uk/Article1740.html
On Friday the Dow Jones took a 280 point nosedive on fears that that losses in the subprime market will spill over into the broader economy and cut into GDP. Ever since the two Bears Sterns hedge funds folded a couple weeks ago the stock market has been writhing like a drug-addict in a detox-cell. Yesterday's sell-off added to last week's plunge that wiped out $2.1 trillion in value from global equity markets. New York investment guru, Jim Rogers said that the real market is “one of the biggest bubbles we've ever had in credit” and that the subprime rout “has a long way to go.”
We are now beginning to feel the first tremors from the massive credit expansion which began 6 years ago at the Federal Reserve. The trillions of dollars which were pumped into the global economy via low interest rates and increased money supply have raised the nominal value of equities, but at great cost. Now, stocks will fall sharply and businesses will fail as volatility increases and liquidity dries up. Stagnant wages and a declining dollar have thrust the country into a deflationary cycle which has---up to this point---been concealed by Greenspan's “cheap money” policy. Those days are over. Economic fundamentals are taking hold. The market swings will get deeper and more violent as the Fed's massive credit bubble continues to unwind. Trillions of dollars of market value will vanish overnight. The stock market will go into a long-term swoon."
