The Running of the Bull

January 25th, 2008

According to the Chinese calendar, 2008 is officially the year of the rat, but in Philadelphia, the bull is the only animal that seems to carry any weight these days.  This morning, TC, a one-ton Brahma bull made a live appearance at the Philadelphia Stock Exchange to “ring” the ceremonial bell that showed the opening of the markets.

With market fears of worldwide recession, parading a bull around the trading floor certainly sends a crystal clear message to the region that all is well on the home front.

While folks will have to wait until the close of the markets today to see whether or not the publicity stunt paid off—apparently the last time an animal opened the Philadelphia Stock Exchange (a brown bear in 1972) interest rates shot up after the animal’s visit—it’s clear that people at the Philadelphia Stock Exchange are willing to go the extra mile to make it a “bull” market.

Posted Under: Greater Philadelphia
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