Wednesday, June 25, 2008

Where Are The Viewers' Yachts?

Fox Business channel debuted on October 15, 2007. The all-time closing high for the Dow was just four trading days earlier (click on chart for the full top-tick effect):

These brutal numbers probably haven't improved much during the past few months...

(chart courtesy of


Anonymous Anonymous said...

So what is your point? Or are you just revelling in a Murdoch failure? Which by the way is OK.

6/25/2008 7:59 PM  
Anonymous Anonymous said...

Will be interesting to see how long they stick with it. I think they just did a revamp.

6/25/2008 8:00 PM  
Anonymous Anonymous said...

Apparently there are several instances where new business news media were introduced quite near the beginning of major bear markets. I think Business Week pulled off that feat when it began.

The Dow recently dropped below a lower diagonal trend line that goes back all the way to 1974. For those who pay attention to TA, a Dow that stays below about 12,060 is a master matador.

6/25/2008 9:28 PM  
Anonymous Anonymous said...

If/when they dump it, go long the market.

6/25/2008 10:15 PM  
Anonymous Wchs said...

Anonymous at 9:28PM, I plead ignorance. Can you explain your last 2 sentences?

6/26/2008 8:57 AM  
Blogger LFC said...

It's not surprise. When it comes to people seeking news that will potentially make or lose them money, they aren't going to turn to a GOP propaganda outlet like Faux News. These people want facts, not "sky high oil prices are in their last throes."

6/26/2008 3:52 PM  
Blogger Jimmy the Saint said...

Anon 7:59,
He's reveling in Murdoch getting a sugar, honey and iced tea sandwich. There really isn't a coorelation, it's just fun to say there is.

6/26/2008 8:52 PM  

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