The October 7 Hamas false flag attack in Israel was preceded by some interesting stock market movements that suggest someone profited to the tune of millions following the attack.
In the days leading up to the attack, short sellers shorted Israeli shares, betting on the stock tanking following the attack. This is exactly what happened, and whoever shorted Israel knew in advance that the attack was going to happen.
In a paper called "Trading on Terror?" written by Robert J. Jackson, Jr. and Joshua Mitts, you can read more about what took place days before the Hamas attack that points to financial terrorism as Hamas profited from it.
"Our findings suggest that traders informed about the coming attacks profited from these tragic events," the paper reads.
(Related: Israel created Hamas back in the 1970s, which means Hamas is Israel.)
Wall Street bets against Israel saw massive gains after October 7
Jackson, by the way, served as commissioner of the U.S. Securities and Exchange Commission (SEC) and Mitts is an expert on short selling, particularly in the Israeli market. Together, they present a powerful analysis of the shady market activity that occurred just prior to the incident.
The two teamed up to examine transactions in EIS, a security traded on the New York Stock Exchange (NYSE). The EIS ticker allows investors and traders to gain exposure to Israeli shares (MSCI Israel Exchange – Traded Fund or NYSE: EIS).
"EIS is an exchange-traded fund that tracks Israeli shares in New York," Haaretz reported.
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"It's a way to bet on Israeli shares without buying any. EIS tracks the main indices on the Tel Aviv Stock Exchange, including giant Israeli companies such as Nice, Teva, the banks, Elbit Systems and Israel Chemicals."
"Investing in EIS is equivalent to investing in the Israeli economy. Betting against EIS means you are betting against the Israeli economy."
Based on their analysis, Jackson and his team determined that in early October right before the Hamas attack, some people in the U.S. stock market knew about it and shorted EIS. After the attack caused stocks to crash, whoever that was pocketed a massive amount of cash.
The short sales reportedly occurred on October 2 with a volume of 227,000 units. On an average day, EIS trades only about 2,000 units, so this represented a massive jump in volume.
"Whoever was behind the transactions apparently harbored confidence that disaster would strike," Haaretz explains.
"People shorting Israeli shares on October 2 did well. The value of EIS fell by 7.1 percent on October 11 (the first day the American market was open for business after the massacre) and over the 20 days following that terrible weekend, EIS lost 17.5 percent of its value."
The analysis paper that exposes this was compiled from official data reported to the U.S. Financial Industry Regulatory Authority. There were two huge transactions of borrowed shares sold short, and based on the number of units transacted, it appears that those involved pocketed millions.
It turns out that such a gamble has never taken place like this in the past, despite many instances of Israel experiencing some kind of crisis. Only in this instance did short selling occur on such a massive scale just days, conveniently, before the October 7 incident caused the Israeli market to tumble.
The short volume that occurred for EIS on October 2 was in the top 99 percent percentile for the ticker's history. The "short ratio" was also extraordinary that same day.
"It is extremely unlikely that the volume of short selling on October 2 occurred by random chance," Jackson and his colleagues wrote.
War and the stock market go hand in hand to make the globalists rich. Learn more at Globalism.news.
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