(Remember this story from a week ago? It's about the Diamond PUT options, which are bets that the Dow will drop significantly by Oct. 20)

UPDATE: Diamond Put Options

I just checked the action on the out of the money put options on the Diamonds from today's session. It gapped from 12X the previous day to 19X the number of out of the money puts to calls today.

Just to clarify, this is (once again) from a blog I frequent.

Just because it says "I" doesn't mean me, personally.

I found the article fascinating, and wanted to share it with everyone here. Since it's the evening of the 19th and nothing has happened yet, apparently it was normal business practice to gang 19 vs. 1 up on the poor 20th of the month :)

For that matter, all the muslims' threats about "attacks during Ramadan" might just turn out to be a bunch of smoke (we'll know that next Monday)

At any rate, we're not in the clear until Bush is impeached, a traditional Catholic president put in his place, and Russia is consecrated to the Immaculate Heart of Mary.

Until then, we can expect all sorts of tribulations. The only question is, what will they be like, and how can we prepare for them, materially and spiritually? Spiritually is easy, since it's the same answer for any disaster or event.

It helps to have a few things in place in the material order, if possible. It's just basic prudence.

God bless,

Matthew

Actually very early in trading it was down 46 and I thought of the prediction, but it recovered.