QUOTE
Dear Yahoo!:
Why do bulls attack the color red? I thought they were colorblind.
Allison
Lemoore, California
Dear Allison:
Bulls are indeed colorblind. To a bull's eye, a red cape is a gray cape. The red cape, which inspired the phrase "seeing red," is purely a theatrical tradition.
However, to a bull bred exclusively for aggressiveness, that flapping cape can prove very irritating. As this post from the Washington University Medical School astutely notes, animals bred for bullfighting are tested around the age of three for aggressiveness before they go into the ring. The orneriest ones make the cut.
It's also worth pointing out that the animal in question has already been stabbed several times at the base of the neck. This happens early in the bullfight, and is performed by a gentleman known as a "picador."
And as we discovered on the Bullfighting FAQ, two kinds of capes are used in bullfighting. The capote is a large, flowing cape which is magenta and yellow. The muleta, a smaller red cape, is used exclusively by the matador for the faena, or the final, fatal segment of the bullfight.
Thought that might help ya out