Wall Street: Will Rupert Murdoch Kill The Trend Again ?

Rupert Murdoch has (insanely ?) offered 80 billion dollars to buy Time Warner, do you remember what happened the last time Murdoch made a deal to the stock market ?

There’s a funny relationship between Murdoch’s shopping and the run of S&P 500, and some of you may have already noticed it.

Do you remember what Murdoch did in 2000 ? He bought Chris-Craft for $5.3 billions, and then the S&P 500 fell.

And what about the end of 2007 ? Murdoch bought Dow Jones & Company for $5.6 billions, and then ? Yes, the S&P fell.

Ok, not every Murdoch’s acquisition has killed the stock market, but, now that we see him offering $80 billions for Time Warner right in the moment where the S&P 500 index is expected to fall, we expect something to happen, again:

We’ll see.