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. 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 plummeted after the attacks, as they claimed the attacks would cost them $2 billion. [Dow Jones Business News, 9/20/01] There is also a shorts 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?

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] FTW Doesn't this hint that the CIA and some wealthy elites had 9/11 foreknowledge? Why didn't this cause a storm of media attention and further investigation?

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] FTW

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] FTW