This is like something out of a spy novel, but it is probably true to life.
An analysis of trading activity on the stock market indicates that somebody knew of and invested based on the October 7th attacks on Israel.
#ICYMI – Hamas may have made millions by short-selling Israeli investments before its terror attacks https://t.co/DKVEYvv5WM pic.twitter.com/7MaEI1JY9L
— National Post (@nationalpost) December 5, 2023
I suppose that if you are based in Qatar and have access to billions of dollars, it would make sense to use advance knowledge of a dramatic event to profit in the markets.
It would be silly not to, really. Especially if you are a cold-blooded murderous SOB.
People with advance knowledge of the Oct. 7 terror attacks on Israel by Hamas may have financially profited from the deadly strikes through significant short-selling of shares in Israeli companies, a study says.
“Days before the attack, traders appeared to anticipate the events to come,” says the research paper by U.S. financial law specialists
.“Our findings offer strong evidence that informed traders profited by anticipating the events of October 7,” according to the unpublished study that notes…
Read the full article here