A Turn In The Tide, Plus A Remarkable Look At Kennedy And Lincoln Assassinations
With continued uncertainty in global markets, are we seeing a turn in the tide? Plus a remarkable look at the Kennedy and Lincoln assassinations.
A portion of today’s note from Art Cashin: On this day in 1963, the President of the United States, John Kennedy, was fatally shot while riding in a motorcade in Dallas, Texas. His assassin (as you may have heard), was Lee Harvey Oswald, who fired from the Texas Schoolbook Depository. But…of course…you know all that! The event has been the subject of several movies, at least three national investigations, countless TV specials, a few hundred books, a million magazine articles and several theories.
Having been exposed to all this, you are no doubt aware of all the trivia and oddities. There’s the Kennedy/Lincoln oddity. Jack Kennedy’s personal secretary was named Lincoln…just as Abe Lincoln’s secretary was named Kennedy. Both secretaries had pleaded with their bosses not to go to the place where they were shot. Both Presidents were succeeded by guys named Johnson. Both Johnson’s were Southerners and former Senators. Both Johnson’s were born 100 years apart. Kennedy and Lincoln were elected 100 years apart. John Wilkes Booth and Lee Harvey Oswald were born 100 years apart. Both Kennedy and Lincoln were assassinated on a Friday while sitting next to their wives. Booth shot Lincoln in a theater and tried to hide in a warehouse. Oswald was in a warehouse when he shot Kennedy, he then tried to hide in a theater. But…you recall all that.
And, if you recall all that, you probably recall that it had been raining in Dallas earlier that morning. That, fearing a bad hair day, Jackie Kennedy suggested putting the bubble top on the limo. Then, when the sun came out, the Secret Service decided to skip the bubble top.
So, then you also recall the reports that Oswald was considering dropping his plans the night before, but a buzz-off from the wife sent him back to his plot. Which means you certainly recall that the initial reports indicated that both the President and Vice President had been killed. And when they brought that report to Speaker John McCormack (still lunching in the House Dining Room), he froze at the thought that, at age 71, he was suddenly the President of the U.S. He froze so literally that he was unable even to stand up and only recovered when he was told LBJ was still alive.