Jason Posted October 18, 2019 Share Posted October 18, 2019 Quote In the last 10 minutes of trading at the Chicago Mercantile Exchange on Friday, September 13, someone got very lucky. That’s when he or she, or a group of people, sold short 120,000 “S&P e-minis”—electronically traded futures contracts linked to the Standard & Poor’s 500 stock index—when the index was trading around 3010. The time was 3:50 p.m. in New York; it was nearing midnight in Tehran. A few hours later, drones attacked a large swath of Saudi Arabia’s oil infrastructure, choking off production in the country and sending oil prices soaring. By the time the CME next opened, for pretrading on Sunday night, the S&P index had fallen 30 points, giving that very fortunate trader, or traders, a quick $180 million profit. Quote Traders in the Chicago pits have been watching these kinds of wagers with an increasing mixture of shock and awe since the start of the Trump presidency. They are used to rapid fluctuations in the S&P 500 index; volatility is common, of course. But the precision and timing of these trades, and the vast amount of money being made as a result of them, make the traders wonder if all this is on the level. Are the people behind these trades incredibly lucky, or do they have access to information that other people don’t have about, say, Trump’s or Beijing’s latest thinking on the trade war or any other of a number of ways that Trump is able to move the markets through his tweeting or slips of the tongue? Essentially, do they have inside information? https://www.vanityfair.com/news/2019/10/the-mystery-of-the-trump-chaos-trades/amp Quote Link to comment Share on other sites More sharing options...
TwinIon Posted October 18, 2019 Share Posted October 18, 2019 I read this the other day and it's extraordinary that there isn't an investigation into this. The trades outlined in that article made profits of $180M, $190M, $82.5M, $1.8 billion, and $1.5 billion. It certainly seems like either someone in the administration or with direct access to Trump is involved, which is probably why there isn't an investigation. It's hard to imagine that we have any idea as to the true scale of the corruption at play right now. Quote Link to comment Share on other sites More sharing options...
Xbob42 Posted October 18, 2019 Share Posted October 18, 2019 Hanky-Panky? So they're having sex? Quote Link to comment Share on other sites More sharing options...
Jason Posted October 18, 2019 Author Share Posted October 18, 2019 9 minutes ago, Xbob42 said: Hanky-Panky? So they're having sex? Grabbing the market by the pussy. Quote Link to comment Share on other sites More sharing options...
Chairslinger Posted October 19, 2019 Share Posted October 19, 2019 12 minutes ago, Xbob42 said: Hanky-Panky? So they're having sex? Well, someone's definately getting fucked. Quote Link to comment Share on other sites More sharing options...
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