Social Mood Conference  |  Socionomics Foundation
Originally published in the March 2011 Socionomist

After 50 years of making big buys, Rupert Murdoch’s News Corporation is planning its biggest acquisition ever—a deal worth $12.5 billion.

The significance of Murdoch’s latest deal, plus key acquisitions he has made since the 1950s, are highlighted by Elliott Wave International’s Mark Galasiewski in the March 2011 issue of The Asian-Pacific Financial Forecast. Galasiewski notes that almost every one of Murdoch’s past major purchases has marked an intermediate-term top not only in News Corporation’s stock price but also in Australia’s stock market. Further, these peaks have generally coincided with tops in global stock markets. If precedent holds, and if Murdoch seals his latest deal, Galasiewski predicts, “We may be looking at another peak in social optimism, which would therefore signal that most of the gains in the rally since the 2009 low have been had.”■


Socionomics InstituteThe Socionomist is a monthly online magazine designed to help readers see and capitalize on the waves of social mood that contantly occur throughout the world. It is published by the Socionomics Institute, Robert R. Prechter, president; Matt Lampert, editor-in-chief; Alyssa Hayden, editor; Alan Hall and Chuck Thompson, staff writers; Dave Allman and Pete Kendall, editorial direction; Chuck Thompson, production; Ben Hall, proofreader.

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Most economists, historians and sociologists presume that events determine society’s mood. But socionomics hypothesizes the opposite: that social mood regulates the character of social events. The events of history—such as investment booms and busts, political events, macroeconomic trends and even peace and war—are the products of a naturally occurring pattern of social-mood fluctuation. Such events, therefore, are not randomly distributed, as is commonly believed, but are in fact probabilistically predictable. Socionomics also posits that the stock market is the best available meter of a society’s aggregate mood, that news is irrelevant to social mood, and that financial and economic decision-making are fundamentally different in that financial decisions are motivated by the herding impulse while economic choices are guided by supply and demand. For more information about socionomic theory, see (1) the text, The Wave Principle of Human Social Behavior © 1999, by Robert Prechter; (2) the introductory documentary History's Hidden Engine; (3) the video Toward a New Science of Social Prediction, Prechter’s 2004 speech before the London School of Economics in which he presents evidence to support his socionomic hypothesis; and (4) the Socionomics Institute’s website, www.socionomics.net. At no time will the Socionomics Institute make specific recommendations about a course of action for any specific person, and at no time may a reader, caller or viewer be justified in inferring that any such advice is intended.

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