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).
The Associated Press is also confirming, citing a senior US intelligence official who says two people were killed by the missiles. However, the Pentagon followed by saying it cannot corroborate the reports at this time. Stocks quickly reversed higher on the headline.
And Polish sources are reporting – albeit emphasizing the report is still unofficial – that Polish military planes have been scrambled out of the airport near Tomaszów Lubelski. “The Polish Air Force took fighter jets into the air from the Tomaszow-Lubelski airfield in the Lublin Voivodeship,” the local reports say.
The rockets reportedly hit the grain dryers, leading to two casualties. The police, the prosecutor’s office and the army are on site.
BREAKING – Radio Zet: Two stray rockets fell in the town of Przewodów in Poland on the border with Ukraine. They hit the grain dryers. Two people died. The police, the prosecutor's office and the army are on site. https://t.co/WhAoxH7YQc pic.twitter.com/9VhnoZwl81— Faytuks News Δ (@Faytuks) November 15, 2022
And as Bloomberg also confirms, Polish Prime Minister Morawiecki has convened an urgent meeting of the Committee of the Council of Ministers for National Security. Hungarian PM Viktor Orban has also reportedly convened a national defense council meeting.
Estonia has meanwhile issued a statement saying it is “ready to defend every inch of NATO territory, We’re in full solidarity with our close ally Poland,” according to its ministry of foreign affairs.
The news has sent futures tumbling.
And further on the news:
US DEFENSE STOCKS JUMP TO SESSION HIGHS; NORTHROP UP 5%
It will be amusing when reputable news sources deny the whole thing but for now, stocks are dumping and are red on the day after soaring more than 2% earlier.
Hours earlier in the day Ukrainian authorities were reporting a series of fresh missile attack on the capital, and rare airstrikes in Western regions as well, including the city of Lviv.
It's popping off in Kiev… multiple rocket strikes reported… pic.twitter.com/vf4dCRhoQ6— Citizen Free Press (@CitizenFreePres) November 15, 2022
This resulted in new emergency power outages across various cities effected.
Meanwhile, NATO’s collective defense article is trending on Twitter, which is never a good sign…
- Russia has a last laugh as West-supplied Howitzers are breaking down in Ukraine
- Demining Donbass | Sappers risk their lives clearing Donbass from Ukrainian mines
- Col. Douglas Macgregor: The Russians are fully mobilizing to complete the task
- Russia sent its Newest ‘TANK KILLERS’ to Ukraine┃ATGM ‘Chrysanthemum-S’ shocked the PENTAGON
- Putin Russia to Achieve All Objectives, Lavrov Kiev Regime to Fall; Merkel Sorry No Minsk 3.0
Please support us by following our social media:
Contributor posts published on Russia Truth do not necessarily represent the views and opinions of Russia Truth, and are not selected, edited or screened by Russia Truth editors.
Bypass the big tech censorship
Get uncensored news and updates, please subscribe to our FREE newsletter!