From Foreign Policy's Passport blog:
It's almost as if God doesn't want the scientists at CERN to fire up the Large Hadron Collider. The world's largest particle-collider, which cost around £4 billion to construct and, by the way, might destroy the world, has run into another technical mishap -- this time caused by "an errant chunk of baguette."
Somehow, a piece of bread got lodged into an electrical unit that is responsible for cooling the collider to 1.9 degrees above absolute zero. How the bread got there is a mystery: a CERN spokeswoman hypothesized that it was dropped by a bird or an airplane. But if the investigation does suggest sabotage, the local bakers' union will likely be a prime suspect.
Back when the LHC was supposed to fire up the first time, we mentioned Long or Short Capital's End of the Universe puts:
...That is why Long or Short is now offering LHC End of the Universe Puts. It’s a simple put option wherein the buyer retains the write to sell the Universe at a strike price of “Existing”. Based on our Black-Holes model used to value all “end of the world” options, the July 2008 vintage options are currently priced at $20....Followed by "Large Hadron Collider Starts Up, Earth Suvives, End of the World Puts Plummet":
UPDATE: The marketers at LoS Capital* are still pushing product:*At Long or Short LLC, we leverage our superior intellect and extensive investing experience to recommend explicit Long or Short positions and related abstract trades, which may or may not be possible with real world financial derivatives. We use science to improve the lives of the rich.
...We continue to reiterate the importance of LHC End of the Universe Puts.
“The LHC is a discovery machine,” said CERN Director General Robert Aymar
If this is true and you extrapolate it out, it is only a matter of time until they discover the end of the Earth and existence as we know it. Who is to say they won’t do that tomorrow? Again, not us.
Recommendation: These securities do NOT benefit from the implicit guarantee of the US government, God or your locally relevant deity. Wink wink nudge nudge, but between you and me, they DO.
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