Tuesday, February 12, 2008

Is FOX "Business" Channel Killing the Market?


Image from source, News Corpse

I don't know diddly about the stock market, so I will defer to the people at News Corpse, who have an interesting theory. . .

[Excerpt]


Murdoch’s machinations of late have not met with the success to which he is normally accustomed. Fox News is presently the slowest growing cable news network. FBN got off to a pathetic crawl. And I wonder if anyone else has noticed this sign of the Apocalypse: When the Fox Business Network launched on October 15, 2007, the Dow Jones had just hit its all-time high. Since then the markets have collapsed, diving 15% in the four months since FBN’s debut.

Read the whole post at: News Corpse

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