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
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status