I've done that very thing in the past, and ended up circulating my resume. While it's good advice, it's something one should undertake only after careful consideration of his financial standing. I wasn't fired, but came very close to it because after five minutes of the jerk standing just a foot away yelling at me I suggested (calmly, quietly) that if he continued making me feel threatened I might respond accordingly.
I didn't really want to work for HP anyway.