Rummy, you're doing a heck of a job – Tradesports resignation contract shoots up

The pressure on Donald Rumfeld to resign is increasing. Several retired generals have openly criticized Rumsfeld which caused the RUMSFELD.RESIGN contract to gain this week.



The Cheney contract had slight gains as well this week and moved up in sympathy. As discussed here, the Cheney contract has more "outs" than the Rumsfeld one. This is due to the fact the contract can pay off if the current position is left for any reason, not just resignation.



The Bush admin must have learned its lesson from the Michael Browne incident, "The president believes Secretary Rumsfeld is doing a very fine job during a challenging period in our nation's history," is not nearly as catchy of a sound bite.

Take the movements with a grain of salt. Besides Larry Summers the market has not been extremely successful with predicting resignations so far.