Notable Stock Market Events
During the Reign of George W. Bush
EVENT No. 1


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April 1, 2001

The "Texas Statue of Liberty" Event

As a courtesy to the new, alleged president, the Democrats in Congress go along and allow the Republicans to pass a $100-million bill authorizing the construction of a 250-foot-tall statue to Mama Bush along Interstate 35 just outside of Austin. The statue, to be executed in Carrera marble, will show Mama, her right arm raised, holding a rolled sheaf of stock certificates, facing south toward the Rio Grande, as a reminder to the world’s struggling masses of what America Is Really All About. In spite of the implied compliment, Wall Street unfortunately sees this bill as a sign of unpredictable immaturity and reacts badly.

Result: Dow Jones = - 340.

 

Event No. 2 > >

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  Magellan's Log Copyright © 2001 Texas Chapbook Press
www.texaschapbookpress.com

Magellan's Log Copyright © 2000 Texas Chapbook Press
www.texaschapbookpress.com