In October 1962 I was a 21-year-old B-47 aircraft mechanic in the Strategic Air Command. One morning that month I reported for duty only to find the aircraft ramp covered with bombers loaded with nuclear weapons. Welcome to the Cuban Missile Crisis. It was pretty tense for a few weeks, and we got to DEFCON 2, just one click below the highest level of readiness, DEFCON 1. In hindsight I don't think most people really believed that the 'balloon had actually gone up', and as evidence of that we can see that the stock market took it all pretty well. There was a decline in October 1962, but it was the second bottom of a double bottom that ended the 1961-62 Bear Market. To compare that time with today's trials seems almost ludicrous -- the Cuban Missile Crisis was on a huge scale by comparison -- however, a significant difference is that back then none of the leaders involved on either side could be described as maniacal. The current situation is more unstable, in my opinion, even though we're still at DEFCON 5, because Kin Jong Un is like a comic book villain come to life.
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