UH-OH: Look What Happened The Last Two Times Rupert Murdoch Did A Mega-Deal
Advertisement
Is Rupert Murdoch's play to buy Time Warner calling a market top?
Advertisement
This chart from UBS's Art Cashin, which comes to us from CNBC's Sara Eisen on Twitter, shows the last two major acquisitions by Murdoch's media company and the ensuing reaction in the stock market.
The Dow and S&P 500 are currently near record highs, and the Fed is close to ending its QE program, which many have attributed to the rise in the stock market.
And so now, we wait.
@SaraEisen
Advertisement
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas