Hacker News

points by paxy 2 days ago | 0 comments

Tuesday - "Market falls because of election"

Wednesday - "Market soars because of election"

Thursday - "Market plummets because of election"

Can we at least agree that no one has any idea what is going on?

All of them can be true, while still not providing any predictive utility.

And they can all be false. GP's point is that the reporting always suggests causation when causation is rarely if ever knowable.

[–] ricksunny 2 days ago

Everyday “Our newspaper makes money by editorializing every tick change in the [$index] market by attributing unverifiable context and not referencing the previous tick we editorialized.”

[–] mancerayder 2 days ago

The trick with news media is the word As.

"Market drops 3% as Foo"

[–] fauigerzigerk 2 days ago

OK, they are jumping up and down but they're doing it in the most efficient way possible. It has been proven time and time again!