Is it true the stock market was acting "funny" the day before 9/11?

[rumguy]

If so, I want some links and evidence.

ON EDIT: thanks for the information!

[frogfromthenorth2]

1. Is it time to get my tinfoil hat out of its box ?

[JHB]

26. No....

...This is one of the BIG QUESTIONS that has been verified but never adequately followed up: the spike in "put" options (a device to make money from falling prices) for companies which stood to take a stock hit from 9/11, made BEFORE the attacks. Who made them?

[FreakinDJ]

2. I know a couple of companies were indicted

for selling off all the stock in United and American Airlines. I think the Suadies sold off a great deal of that stock also

I beleive they traced the trans actions through a German Bank

[DUreader]

8. Nobody was indicted

[Minstrel Boy]

11. a good link for the banking side of the story:

http://www.cooperativeresearch.org/wot/sept11/911alexbrown.html

[Catch22Dem]

3. Google

http://www.google.com/search?q=stock+market+day+before+9/11&sourceid=opera&num=0&ie=utf-8&oe=utf-8

[RedSock]

4. okay

From:
http://www.cooperativeresearch.org/timeline/index.html

September 6-10, 2001: Suspicious trading occurs on American and United, the two airlines used in the 9/11 attacks. "Between 6 and 7 September, The Chicago Board Options Exchange saw purchases of 4,744 put option contracts (a speculation that the stock will go down) in UAL versus 396 call options – where a speculator bets on a price rising. Holders of the put options would have netted a profit of $5 million once the carrier's share price dived after September 11. On 10 September, more trading in Chicago saw the purchase of 4,516 put options in American Airlines, the other airline involved in the hijackings. This compares with a mere 748 call options in American purchased that day. Investigators cannot help but notice that no other airlines saw such trading in their put options." One analyst says: "I saw put-call numbers higher than I've ever seen in 10 years of following the markets, particularly the options markets." (Associated Press, 9/18/01, San Francisco Chronicle, 9/19/01) "To the embarrassment of investigators, it has also emerged that the firm used to buy many of the "put" options ... on United Airlines stock was headed until 1998 by "Buzzy" Krongard, now executive director of the CIA." Krongard was chairman of Alex Brown Inc., which was bought by Deutsche Bank. "His last post before resigning to take his senior role in the CIA was to head Bankers Trust – Alex Brown's private client business, dealing with the accounts and investments of wealthy customers around the world." (Independent, 10/14/01)

September 6-10, 2001 (B): The Chicago Board Options Exchange sees suspicious trading on Merrill Lynch and Morgan Stanley, two of the largest WTC tenants. An average of 3,053 put options in Merrill Lynch are bought between September 6-10, compared to an average of 252 in the previous week. Merrill Lynch, another WTC tenant, see 12,215 put options bought between September 7-10, when the previous days had seen averages of 252 contracts a day. (Independent, 10/14/01) Dylan Ratigan of Bloomberg Business News: "This would be one of the most extraordinary coincidences in the history of mankind if it was a coincidence." (ABC News, 9/20/01)

September 10, 2001 (H): The trading ratio on United Airlines is 25 times greater than normal at the Pacific Exchange. Pacific Exchange officials later decline to state if this abnormality is being investigated. (San Francisco Chronicle, 9/19/01)

September 10, 2001 (I): According to CBS News, in the afternoon before the attack, "alarm bells were sounding over unusual trading in the US stock options market." It has been documented that the CIA, the Mossad and many other intelligence agencies monitor stock trading in real time using highly advanced programs such as Promis. Both the FBI and the Justice Department have confirmed the use of such programs for US intelligence gathering through at least this summer. This would confirm that CIA should have had additional advance warning of imminent attacks against American and United Airlines planes. (CBS, 9/19/01) There are even allegations that bin Laden was able to get a copy of Promis. (Fox News, 10/16/01)

September 10, 2001 (J): Amr Elgindy orders his broker to liquidate his children's $300,000 trust account fearing a sudden crash in the market. He also tells his stock broker that the Dow Jones average, then at 9,600, will fall to below 3,000. Elgindy is arrested in San Diego in May 2002, along with FBI agents Jeffrey Royer and Lynn Wingate. Government prosecutors claim the FBI agents were using their FBI positions to feed him inside information on various corporations. They also questioned whether Elgindy had foreknowledge of the 9/11 attacks. (New York Times, 5/23/02, London Times, 5/30/02, New York Times, 6/8/02) A report published in the San Diego Tribune however casts some doubt on the government's allegations. (San Diego Tribune 6/16/02)

September 11, 2001 (E): Data recovery experts later looking at 32 hard drives salvaged from the 9/11 attacks discover a surge in credit card transactions from the WTC in the hours before and during the attacks. Unusually large sums of money were rushed through computers even as the disaster unfolded. Investigators say, "There is a suspicion that some people had advance knowledge of the approximate time of the plane crashes in order to move out amounts exceeding $100 million. They thought that the records of their transactions could not be traced after the main frames were destroyed." (Reuters, 12/19/01)

********

If you go to the Timeline site mentioned above and go to the section containing these dates, there are links to the complete text of every media report listed here.

There may be additional entries since 9/11, listed at the date the news was announced. You'd have to do a search at the website pages for some key words. Pretty easy to do.

[FreakinDJ]

5. Here is the link you are looking for

http://www.propagandamatrix.com/archiveprior_knowledge.html#trading

Those who like to call this "Tin foil" material must be the ones buying all those oxycotin off of Rush

[ElsewheresDaughter]

6. "put options" very high on United Airlines and American Airlines

[Minstrel Boy]

7. A lengthy outline of suspicious trading is here

courtesy of DU's own Paul Thompson:

http://www.cooperativeresearch.org/wot/sept11/suspicioustradingact.html

Some examples:

John Kinnucan, a principal of Broadband Research, an independent telecommunications research firm, told the San Francisco Chronicle. “I saw put-call numbers higher than I've ever seen in 10 years of following the markets, particularly the options markets. When one sees this type of activity, the first thing one does is ask oneself, ‘What is the explanation? What are people worried about?’” - San Francisco Chronicle, 9/19/01

Jonathan Winer, an ABC News consultant stated, “It’s absolutely unprecedented to see cases of insider trading covering the entire world from Japan, to the U.S., to North America, to Europe.”

And from his timeline of 9/11 foreknowledge:

Early September 2001 (I): The Securities and Exchange Commission (SEC) later announces that they are investigating the trading of shares of 38 companies in the days just before 9/11. The San Francisco Chronicle states that the New York Stock Exchange sees "unusually heavy trading in airline and related stocks several days before the attacks." All of the 38 companies logically stood to lose from the attacks. They include parent companies of major airlines American, Continental, Delta, Northwest, Southwest, United and USAirways as well as cruise lines Carnival and Royal Caribbean, aircraft maker Boeing and defense contractor Lockheed Martin. The SEC is also looking into suspicious short selling of numerous insurance company stocks. (AP, 10/2/01, San Francisco Chronicle, 10/3/01)

Early September 2001 (J): There is a sharp increase in short selling of the stocks of American and United airlines on the New York Stock Exchange prior to 9/11. A short sell is a bet that a particular stock will drop. There is an increase of 40 percent of short selling over the previous month for these two airlines, compared to an 11 percent increase for other big airlines and one percent for the exchange overall. A significant profit was to be made: United stock dropped 43 percent and American dropped 39 percent the first day the market reopened after the attack (see also September 6-10, 2001). Short selling of Munich Re, the world's largest reinsurer, is also later noted by German investigators. Inquiries into short selling millions of Munich Re shares were made in France days before the attacks. (Reuters, 9/20/01, San Francisco Chronicle, 9/22/01) Munich Re stock plummets after the attacks, as they claim the attacks will cost them $2 billion. (Dow Jones Business News, 9/20/01) There is also suspicious trading activity involving reinsurers Swiss Reinsurance and AXA. These trades are especially curious because the insurance sector "was one of the brightest spots in a very difficult market" at this time. (Los Angeles Times, 9/19/01) There is also a short spike on Dutch airline KLM stock three to seven days before 9/11, reaching historically unprecedented levels. (USA Today, 9/26/01) Was another attack on a KLM airplane planned?

Early September 2001 (K): German central bank president Ernst Welteke says a study by his bank indicates, "There are ever clearer signs that there were activities on international financial markets that must have been carried out with the necessary expert knowledge," not only in shares of heavily affected industries such as airlines and insurance companies, but also in gold and oil. (Telegraph, 9/23/01) His researchers have found "almost irrefutable proof of insider trading." (Miami Herald, 9/24/01) "If you look at movements in markets before and after the attack, it makes your brow furrow. But it is extremely difficult to really verify it." Nevertheless, he believes that "in one or the other case it will be possible to pinpoint the source." (Fox News, 9/22/01) Welteke reports "a fundamentally inexplicable rise'' rise in oil prices before the attacks (Miami Herald, 9/24/01) and then a further rise of 13% the day after the attacks. Gold rises nonstop for days after the attacks. (Telegraph, 9/23/01)

Early September 2001 (L): Numerous other overseas investigations into insider trading before 9/11 are later established. There are investigations in Belgium, France, Switzerland, Luxembourg, Monte Carlo, Cyprus and other countries. There are particularly strong suspicions British markets were manipulated. Italy is investigating suspicious share movements on the day of the attack, as well as the previous day. Japan as well is looking into trading of futures contracts. (Fox News, 9/22/01, CNN, 9/24/01, BBC, 9/18/01) The British conclude in a remarkable two weeks that their markets were not manipulated (see October 16, 2001). But over one year later, where are the results for all the other countries?

Early September 2001 (M): After 9/11 both the SEC and the Secret Service announce probes into an unusually high volume trade of five-year US Treasury note purchases around this time. These transactions included a single $5 billion trade. The Wall Street Journal explains: "Five-year Treasury notes are among the best investments in the event of a world crisis, especially one that hits the US. The notes are prized for their safety and their backing by the US government, and usually rally when investors flee riskier investments, such as stocks." The value of these notes has risen sharply since the events of September 11. The article also points out that with these notes, "tracks would be hard to spot." (Wall Street Journal, 10/2/01) How could bin Laden, whose fortune is estimated at roughly $250 million (Miami Herald, 9/24/01), have made a $5 billion trade?

http://www.cooperativeresearch.org/timeline/main/AAexactday.html

[0007]

9. I think the stock market is a telling sign that mischief was abound

because of 911 information.

[RUexperienced]

10. According to the Arabs

Jews all over the world were pulling their money out and staying home from their jobs at the WTC.

According to the arabs.......

[bobbieinok]

12. wasn't there some 'investigation' of this with result 'nothing wrong here'

.....

[DUreader]

14. That was the brilliant investigative journalism of US Media

Attributed to 'officials' on a condition of anonimity

[papau]

17. Think - the proof of this is what?

no one knows religious affilation at WTC of those absent - but we do know many jews died.

[DUreader]

20. wha?

huh?

[Minstrel Boy]

19. Because nothing was traced back to "al Qaeda"

They didn't think of the terrorists in the blue suits.

Some of the suspicious transactions involved billions of dollars. Much more than Osama's worth.

[sendero]

13. I've always considered this...

.... trading to be a *huge* smoking gun. I do not believe it is possible to get an "anonymous" options trading account. There is no question in my mind that it was possible for the authorities to find out who made these trades.

Yet nothing ever came of it. Another coverup.

[Karenina]

15. Remember the adage

FOLLOW DA $$$$$$!

[plaguepuppy]

16. If they really wanted to find out

...it would be just as easy as finding out who outed Valerie Plame.

Just one of a long list of smoking guns relentlessly ignored by the less-than-supine media.

[Minstrel Boy]

18. For background, read the BCCI thread:

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=104&topic_id=977792&mesg_id=977792

9/11 insider trading is just the latest, most egregious example of high crimes and collusion between state intelligence and their terrorist proxies. Nguyan Hand Bank, P2, BCCI and more - it's a long and sordid secret history, and it isn't fantasy.

Also note that the current executive director of the CIA, Buzzy Krongard, is a former chairman of Alex. Brown & Sons, which played a big part in the insider trading story.

http://www.cooperativeresearch.org/wot/sept11/911alexbrown.html

[Unknown Known]

21. Convar is the German co. doing the data recovery

on the illegal transfer of funds that were rushing through computers in the WTC as the disaster unfolded.

German computer experts are working round the clock to unlock the truth behind an unexplained surge in financial transactions made just before two hijacked planes crashed into New York's World Trade Center on September 11.

Were criminals responsible for the sharp rise in credit card transactions that moved through some computer systems at the WTC shortly before the planes hit the twin towers?

Or was it coincidence that unusually large sums of money, perhaps more than $100 million, were rushed through the computers as the disaster unfolded? snip

"The suspicion is that inside information about the attack was used to send financial transaction commands and authorisations in the belief that amid all the chaos the criminals would have, at the very least, a good head start," said Convar director Peter Henschel.

Richard Wagner, a data retrieval expert at the company, said illegal transfers of more than $100 million might have been made immediately before and during the disaster.

"There is a suspicion that some people had advance knowledge of the approximate time of the plane crashes in order to move out amounts exceeding $100 million," Wagner said. "They thought that the records of their transactions could not be traced after the main frames were destroyed."

http://www.propagandamatrix.com/german_firm_probes_final_world_trade_center_deals

There is no way these funds could have been siphoned like this without Promis software. Whoever did it was using Promis.

[FreakinDJ]

22. What ever it was

Some one very high up told the FBI to lay off

As with so many other investigations that could have prevented the whole 911 disaster.

Now who does the money trail point to

[peacetalksforall]

23. The FBI said...'nothing here - you can go home'.

Yet, as in all those articles

we find

put options for two of our country's airlines
following a normal pattern before Sep 10 for one of them and before September 6 for the other and yet

on Sep 10 for one and Sep 6 for the other

the put options (betting on their stock going down)
exploded

and "SOME" of the profits from it have not been collected.

So, did any investigatrive journalist find out who did profit?

Don't they hint that one of the profiteers was Krongard and his company plus the Deutsche Bank?

The same thing happened to Morgan Stanley and Merrill Lynch - both with many floors of offices in the WTC.

And the FBI said..."NOTHING HERE - YOU CAN GO HOME".

Why is the country silent?

Only a few little no-nothings like us sit around and raise the issue once in awhile.

Folks - is this your country or not?

What does Daschle's wife say - isn't she a lobbyist for AA? Doesn't AA want to know? Or was the urgent bailout money that they received, that she lobbied for (if I remember it correctly)...... a zipper?

What an American travesty.

[cthrumatrix]

25. and "that is the story"...the facts were there and they will not do thier

jobs or are prohibited...remember FBI whistleblowers..."managers stopped thier work"

Now why would they not want the truth?

[Minstrel Boy]

24. Something "funny" about Warren Buffet and 9/11:

On 9/11 Buffet was hosting a charity event in Nebraska, and had invited some executives whose officers were in the World Trade Center.

"Anne Tatlock found out about the collision of a plane with the North Tower while en route to the U.S. Strategic Command headquarters in Omaha. The 62-year-old chief executive of Fiduciary Trust Co. International was one of a small group of business leaders at a charity event hosted by Warren Buffett. Military officers boarded the bus she was on, and escorted her to an officer's lounge and a television, just in time to see the second plane hit the South Tower between the 87th and 93rd floors--right where 650 of her employees worked."
http://www.forbes.com/forbes/2001/1015/070_print.html

Interestingly, Tatlock is a trustee of the Howard Hughes Medical Institute (http://www.hhmi.org/news/012501.html), along with Bush and Saudi consigliari James Baker. HHMI had employed Dr Don Wiley, one of the dozen distinguished microbiologists that mysteriously died within five months of each other shortly after 9/11, and there have been many more since.

Offutt Air Force Base in Nebraska, the site of Buffet's charity event, is also the headquarters for the US Strategic Command. Bush flew to Offutt on the afternoon of Sept 11.

Another curiosity: an executive company jet owned by one of Buffet's subsidiary's was tracking Flight 93:

"An official for NetJets, a company that sells shares in private business aircraft, confirmed that the plane tracking Flight 93 belonged to the company.

"The official, who asked not to be identified by name, said the company was asked not to comment on the Sept. 11 flight but would not say who made the request."
http://www.hollandsentinel.com/stories/080902/new_080902020.shtml

And another: One of Buffet's subsidiaries, FlightSafety International Inc. is reported to have trained at least one of the alleged 9/11 hijackers.

Abdulrahman Al Omari, a pilot aboard American Airlines Flight 11, "Lived in Vero Beach neighborhood near two other men, Adnan Bukhari and Amer M. Kamfar, who are linked to investigation. All three took flying instruction together at Flight Safety International."
http://www.sptimes.com/News/091501/Worldandnation/Names_of_hijackers.shtml

And Buffett's Berkshire Hathaway Inc. has large stock holdings in SunTrust Banks Inc. SunTrust was the bank preferred by the hijackers.

"Dennis Lormel, the chief of the Federal Bureau of Investigation's unit conducting the financial inquiry of the Sept. 11 plot, told the New York Times that the hijackers moved $325,000 through 14 bank accounts at SunTrust Bank, making that bank the most heavily relied upon."
http://www.cbsnews.com/stories/2002/07/10/attack/main514687.shtml

Buffet, by the way, is reportedly the second richest man in the planet, worth an estimated $36 billion.

[JHB]

30. On the other hand...

...The Buffet event had apparently been held annually for nine years, drawing a variety of actors, performers, business gurus, etc. And Biffet's operation is sufficiently diverse that it's not surprising there are other fleeting "points of contact" as well.

Sometimes there are coincidences, y'know.

[McHrozni]

27. Isn't stock market ALWAYS acting a bit funny?

[Minstrel Boy]

28. "It’s absolutely UNPRECEDENTED

to see cases of insider trading covering the entire world from Japan, to the U.S., to North America, to Europe."

"I saw put-call numbers higher than I've ever seen in 10 years of following the markets, particularly the options markets."

Those quotes, and many more, in the posts above. Lots o' links. Read 'em?

[SpiralHawk]

29. What's really funny

is how some people can walk right around a huge, stinking turd in the middle of the room, and pretend it's not there.


"There ought to be limits to freedom."
- GW Bush on May 21, 1999

[evil_orange_cat]

31. IIRC, there were some HUGE wire transfers before the planes hit...

these transfers had connections to the towers, whether it be companies who occupied offices or other investors of said companies...

but it's impossible to connect the transfers to anything... more than likely, they weren't significant to the attacks. but hey, you never know :tinfoil:

[anarchy1999]

32. Check out Michael Ruppert's site

one of the best sources on the web!

(One of a series of stories on CIA foreknowledge
of the WTC attacks.)

SUPPRESSED DETAILS OF CRIMINAL INSIDER TRADING LEAD DIRECTLY INTO THE CIAÕs HIGHEST RANKS

CIA EXECUTIVE DIRECTOR "BUZZY" KRONGARD MANAGED FIRM THAT HANDLED "PUT" OPTIONS ON UAL

by

Michael C. Ruppert

<© COPYRIGHT, 2001, Michael C. Ruppert and FTW Publications, www.copvcia.com. All Rights Reserved. - May be reprinted or distributed for non-profit purposes only.>

FTW, October 9, 2001 - Although uniformly ignored by the mainstream U.S. media, there is abundant and clear evidence that a number of transactions in financial markets indicated specific (criminal) foreknowledge of the September 11 attacks on the World Trade Center and the Pentagon. In the case of at least one of these trades -- which has left a $2.5 million prize unclaimed -- the firm used to place the "put options" on United Airlines stock was, until 1998, managed by the man who is now in the number three Executive Director position at the Central Intelligence Agency. Until 1997 A.B. "Buzzy" Krongard had been Chairman of the investment bank A.B. Brown. A.B. Brown was acquired by BankerÕs Trust in 1997. Krongard then became, as part of the merger, Vice Chairman of BankerÕs Trust-AB Brown, one of 20 major U.S. banks named by Senator Carl Levin this year as being connected to money laundering. KrongardÕs last position at BankerÕs Trust (BT) was to oversee "private client relations." In this capacity he had direct hands-on relations with some of the wealthiest people in the world in a kind of specialized banking operation that has been identified by the U.S. Senate and other investigators as being closely connected to the laundering of drug money.

for the whole story go to:

http://www.fromthewilderness.com/free/ww3/10_09_01_krongard.html