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Current DateTime: 01:46:21 07 Oct 2008
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    • Long on Stupidity, Short on Common Sense

        Short trading the market makes it go down, right? Absolutely not! This line of thought reveals a startling degree of illiteracy about financial markets. Let's debunk the myth that short selling causes the destruction of asset value, pushing the market lower. We turn to the charts to prove our point.

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With the next Batman installment set for release tonight at midnight, will The Dark Knight help lift Time Warner's [TWX  Loading...      ()   ]stock?  Industry experts are projecting that the film will yield over $100 million in its opening weekend lifting it to one of the top 10 openings of all time. 

According to IMDB, its predecessor, Batman Begins, brought in a respectable $48.7 million on its opening weekend in 2005.  With additional hype and this being Academy Award Nominee Heath Ledger's final film before his untimely death, expectations are high.

Here are the top 10 opening weekends of all time and how the studios share prices performed the following market trading day.  Returns are mixed.  News Corp [NWS  Loading...      ()   ], had the best bounce after the release of Star Wars: Episode III - Revenge of the Sith.

The biggest winner from these blockbusters has actually been Marvel Entertainment [MVL  Loading...      ()   ] which jumped over 9% after the release of Iron Man earlier this year.

bythenumbers.cnbc.com



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