Quoth CNBC: "Obama about to speak about economy and jobs."
Ordinarily we would be ready to tee up a big short position and hit that execute button the minute president Wussy shows up on TV. However, with the S&P down 23 already you don't NORMALLY have a lot of percentage in putting shorts on.
Nevertheless, Obitchba has shown time and again an uncanny ability to tank the markets with his "inspirational" rhetoric.
Nah, won't put real money into this test today just because of the big gap-down off the open theoretically limiting your upside to a short position.
For testing purposes - Obitchba appears on CNBC at 10:38ET with S&P 1163.71.
Let's see what happens! Which would be THIS: