Who made millions from the attack on Israel?

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Published 2023-12-08
In the days before the October 7th attack short selling of Israeli stocks spiked in New York, making someone a lot of money. How likely is it that a Hamas insider was behind it?

00:00 - Pre-war stock market changes
00:33 - What happened to the stocks?
01:03 - Who was behind it?

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Read our coverage on Israel and Hamas: econ.st/46Ka8Cy

Did Hamas make millions trading the October 7th attacks?: econ.st/4822Zyd

Inside Hamas’s sprawling financial empire: econ.st/483x94b

All Comments (21)
  • @multatuli1
    The old saying "see where the money goes" are timeless.
  • @arjunkutty7
    Egypt literally warned Israel about the imminent attacks and Netanyahu ignored it on purpose. It's a matter of recorded fact
  • Could you show how much the weapons companies making? You will find billions in there not millions 😂
  • @EnnAye
    They keep asking was it someone in Hamas, yet could just as easily be an Israeli. Egypt warned Israel, something was going to go down. Also Israeli intelligence also knew about it, apparently a year ago. I have friends who have been to Israel, they said that place is SO heavily guarded, that they would even shoot a dog if it got too close. Miraculously that day the IDF were sent somewhere else and took them 6 hours to get to the scene. Israel also refused to let independent organisations in to observe, clarify and report what they had seen. Now why would they do that?
  • @barking_mad6649
    It's simply not true that Hamas's actions weren't known about. Israel were told by their own security services what was planned (right down to the use paragliders), and that Hamas had done a practice run, which again was ignored. Egypt knew also and warned Israel days before the attack. It would be surprising if others (US) didn't also know.
  • It is also possible that people with close ties with Israeli intelligence did it. They knew about the Hamas attack and ignored it.
  • @alexkhorne7733
    Make the next video "Who made millions from war in Ukraine" please.
  • @Quarky_
    I clicked thinking they would talk about how much the weapons manufacturers made enabling this carnage, but no lo-and-behold, they are talking about short selling conspiracy theories. If they really wanted to do this report honestly, they would also discuss how common this kind of short sells are in stock markets.
  • @JFDA5458
    This is the same speculation that appeared after 9/11 when it was shown that someone had massively shorted UA and AA stock just prior to the attack, There was some academic support for that eventuality, see a paper by Alan Poteshman who analysed trades going back over 30 years prior to the attacks courtesy of the CBOE.
  • @Capeau
    are they really acting as if there is no records that show who did that tade?! Hard to believe...
  • @Ameer-dj5gj
    this is extremely unprofessional. if u don't know then don't upload anything yet til you figure it out.
  • @jaybartgis5148
    You must think we were born yesterday to seriously pitch to us it was hamas making these trades. You have to be joking.
  • @Abz_3
    Also Egypt warned Isreal 3 days before that there will be some attack happening
  • @fospersonalis
    Question: Who made millions of dollars from the attack on Israel? Evidences: 1. The chart shows a significant rise in bets against Israeli stocks on the New York Stock Market a few days before the attack on October 7th. 2. Unusually large trades in a fund of Israeli shares on the New York Stock Exchange occurred on October 2nd, involving around 227,000 shares mainly from just two trades. 3. The timing of the trades suggests possible knowledge of the forthcoming attack. Conclusion: It is proposed that someone may have been betting on a decline in the value of Israeli stocks and could have made millions of dollars through just two trades. The possibility of someone in Hamas being behind these trades is considered, but due to the relatively small sum in comparison to the financial empire of Hamas (which brings in over a billion dollars a year), it is deemed unlikely. Other potential explanations include innocent motives or leaked information, with the acknowledgement that explaining every move in financial markets is challenging. The conclusion suggests that it is at least plausible that whoever made the trades had some knowledge of the upcoming events.
  • @Bubbastonks
    It’s interesting that you made an entire piece about oct 7 trades but not oct 8-dec 8 trades. Hmmm 🤔 why?
  • @orhanent
    Must be Netanyahu who was expecting this attack. May be a similar financial game that has been performed centuries ago at the time of Waterloo war between England and France.
  • This fund did have a volume spike on 2nd October = 230K shares traded however ended up being a green day (not red) BUT if you take a look at the chart, volume spikes are NOT unusual for this ETF at all. Other recent volume spikes are 22nd Aug = 341K volume, 25th July = 333K volume, 5th July = 340K volume and 13th June = 465K. Look over the history of this ETF going back years and volume spikes are completely normal for this ticker. Lastly just reading technicals, going short this ETF in late September early October would have been a high probability short trade if it broke the range from 18th August, which it did. I call complete coincidence and much ado about nothing. Any other traders care to take a look at this symbol and comment?
  • I didn't know about the attack but I have a tendency of leaving Buy Stops and Sell Stops over the weekend. I made a tidy amount from the rising oil prices then made even more when things cooled down and oil prices tumbled.