Barchart Changed NWS to Strong Sell, Was Ron Paul Revolution a factor
Last week I said that Fox News parent corp stock was take a beating. This week the trend is confirmed by Barchart.com sell rating for NWS by Michael McDonnough
(libertarian)
Monday, January 7, 2008
They have Fox News parent company as a strong sell across the board. I know the market is down and perhaps they are just following suit. When Ron Paul talks about Fox News losing all credibility and it is quite obvious that is indeed the case it makes me kind of smile. I like to think that it might be possible that the people in this world are not as stupid as Fox News would have it. We know we have been had by these war propagandist.
I would love to see these corporatist mouthpieces out of a job. It would be a great day if people all the sudden woke up and said we don't want what you corporatist are selling any more and we are not buying it any longer.
Perhaps this is the begining of that. Perhaps the market is just down. I hope you all will excuse me but I have to keep up the hope that it is possible.
Just the same I am getting ready to start selling floating homes in Caribbean Panama. If Ron Paul does not get elected President I expect to take advantage of a lot of the inevitable capital flight from the US.
The views expressed
in this article are those of Michael McDonnough only and
do not represent the views of Nolan Chart, LLC or its affiliates.
Michael McDonnough is solely responsible for the contents
of this article and is not an employee or otherwise affiliated
with Nolan Chart, LLC in his/her role as a columnist.
There are many more stocks down the last two weeks besides NewsCorp. And there are many a much greater percentage.
Newscorp is down because the markets are weak, and they are weak because the Federal Reserve is screwing things up.
While it would be nice to blame the NWS slide on how they have treated Ron Paul, it is not likely to be correlated whatsoever to the events surrounding Paul.
It is wishful thinking to credit the decline in price to anything other than a weak stock market. Disney and News Corp are down the same percentage amount over the last twelve months. The sector is weak.
Want to comment on
this article? Leave your comment
here. Your email address is required to track your
comment. However, we will neither publish your email
address nor distribute it to other organizations or
persons. The only reason we might use it would be if
we needed to contact you regarding your comment. All
comments are subject to our
terms of use policy.
