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 StockCharts.com)
These brutal numbers probably haven't improved much during the past few months...
(chart courtesy of StockCharts.com)
posted by The Cunning Realist at Wednesday, June 25, 2008
7 Comments:
So what is your point? Or are you just revelling in a Murdoch failure? Which by the way is OK.
Will be interesting to see how long they stick with it. I think they just did a revamp.
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.
If/when they dump it, go long the market.
Anonymous at 9:28PM, I plead ignorance. Can you explain your last 2 sentences?
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."
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.
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