Tsarizm
Central Europe

Futures Tumble After Report “Stray” Rockets Hit Polish Town Near Ukraine, Killing Two

Image Twitter

Please Follow us on GabMindsTelegramRumbleGab TVTruth SocialGettr

Are we about to test Art Cashin’s thesis that you should never bet on the end of the world (i.e. sell stocks as the ICBMs start flying). As a reminder:

Art Cashin, the dean of the NYSE floor, told a story on Tuesday at Barry Ritholtz’s Big Picture conference in midtown that illustrated this point perfectly. It was in the days before the Cuban missile crisis. Mr. Cashin was a young trader. One day a rumor mushroomed that the Russians had launched their missiles. World War III was starting. Mr. Cashin ran across the street to find the best trader he knew – who was in a bar having a drink. Mr. Cashin ran in breathlessly, hardly able to talk.

“Stop,” the trader said. “Have a drink. Explain everything.” After hearing all the information, the trader had one order: “Buy. Don’t sell. Buy.”

“Why?” Mr. Cashin wondered.

“Because if you’re wrong, the trade’ll never clear. We’ll all be dead.”

Well, moments ago futures ignored the venerable market strategist’s words and tumbled after a report from Polish Radio ZET according to which two stray rockets fell in the town of Przewodów on the border of NATO-member Poland with Ukraine (while unreported, the prevailing assumption is that the rockets are Russian)...

To read more visit Zero Hedge.

‘NO AD’ subscription for CDM!  Sign up here and support real investigative journalism and help save the republic!‘

Related articles

Czech Prime Minister Signs Power-Sharing Deal With Communist Party To Save Government

Tsarizm Staff

Czech Republic Still Doesn’t Have A Government

Tsarizm Staff

Hungary Passes Law To Allow People To Earn More Money, Socialists Riot

Tsarizm Staff

Leave a Comment

Subscribe to our evening newsletter to stay informed during these challenging times!!

Clicky