Bush Speaks, Market Tanks

The correlation is astounding. Every time Curious George speaks on the economy, the stock market goes into a frenzy... and not in a good way.

In a wide-ranging speech on the economy today, President George Bush
acknowledged that the US economy is going through a 'tough time,' but was
optimistic that government-led attempts to help struggling homeowners and the
prospect of a pending income tax rebate will help improve the situation
shortly.
'Our economy is obviously going through a tough time,' Bush said in remarks
to the Economic Club of New York today.

The Dow is currently down 244 points. And he still refuses to use the "R" word.

Who Let George Out?

Uh, oh. President Bush is talking about the economy again. It is now 11:52am EST and the Dow is up 35.04. I wonder how low it'll be before he finishes.

11:55am - Dow Jones at +24.06

12:09pm - Dow Jones at +20.48

4:27pm - Go figure. Microsoft bids on Yahoo for $45 billion shooting it up 48%, Massachusetts sues Merrill Lynch, Exxon's profits are the highest ever, and a whole bunch of other shit happened. But the most important thing? Bush stopped yappin'.
Dow Jones ends the day at +92.83.