Anybody shorting their stocks today... I would...

because we all know when the chimp opens his mouth the Bear rears it's ugly head!

why would you short stocks based on what the chimp says?

That is, whenever the "president" speaks on TV, the market starts going down.

I believe tonight's "news conference" begins after the market is closed. Good planning on their part.

because no one can possibly give a shit what he says or does anymore.

Anytime the dude spoke the market would go down... It was pretty much a running gag here at DU about 3 years ago.

following the "news" that Enron had collapsed -- bush* made a TV appearance -- where he declared that accounts would be held accountable, responsible parties would be held responsible

(side note: The daily show added that executives would be...ummmm executed???)

ok, so during this "speech" the DOW nose dived 400 points (maybe more, don't remember the exact figure) -- this gave rise to a theory that whenever bush* opened his PIEHOLE that the markets would take a dive

Markets did seem to take a curious dive over the next couple months whenever bush* did open his piehole

then the pattern change to a nose dive about an hour before a scheduled opening of the piehole - as traders prepped for the piehole effect

at some point in all of this the PPT (Plunge Protection Team - created during Reagan's reign to protect markets from collapsing) seemed to step in and prop things up so if there was a drop it wouldn't be that bad

addendum and historical note: during the campaign in 2000, a similar pattern but of a lesser effect was noted -- when poll numbers came out showing bush* ahead the markets dropped, if the poll numbers showed Gore ahead the markets maintained or gained

we may want to keep an eye on this as an "auxillary piehole effect" -- maybe call it the "slice of piehole effect"?

>>because we all know when the chimp opens his mouth the Bear rears it's ugly head!<<

Please don't say that. We could be looking at more layoffs because of it!!

Welcome to DU!! :toast: