If you see this Mystery trader bets market will crash by a third:
An anonymous investor has placed a bet on an index of Europe's top 50 stocks falling by a third by the end of September, as world equity markets plunged for a third day and volatility hit a three-year high.
The mystery investor has bought put option contracts on the DJ Eurostoxx 50 index that will result in a profit if it plunges to 2,800 or below by the end of September. Based on the 2,800 strike price, the position covers a notional #6.9bn, and potentially even more using a market price of about 4,100 when the trades were done on Tuesday and Wednesday.
and you know this APEC and Australia:
In 2007 the Australian Government will host the Asia-Pacific Economic Cooperation (APEC) forum.
APEC is an inter-governmental forum facilitating economic growth and prosperity, cooperation, trade and investment in the Asia-Pacific region, and operates on the basis of non-binding commitments, open dialogue and equal respect for the views of all participants regardless of the size of their economy.Established as an Australian initiative in 1989, when Canberra hosted the first informal dialogue with 12 members, the forum has since grown to include 21 member economies and over 100 formal and informal dialogues and meetings annually. The 21 APEC members, referred to as 'Member Economies', are Australia; Brunei Darussalam; Canada; Chile; People's Republic of China; Hong Kong, China; Indonesia; Japan; Republic of Korea; Malaysia; Mexico; New Zealand; Papua New Guinea; Peru; Republic of the Philippines; The Russian Federation; Singapore; Chinese Taipei; Thailand; United States and Viet Nam.
Sydney is a truly global city with extensive experience in hosting major international events. From 2 - 9 September Sydney will once again be on show when leaders and ministers from the 21 APEC economies come to Sydney for a series of meetings. It will be the most significant gathering of world leaders Australia has ever hosted.
Then it's not so difficult to put one and one together. Ban the APEC 2007 :-)
Now where did I leave my tin-foil hat?