3 ms·
This is called "post hoc ergo propter hoc" and is near 100% of the content in mainstream financial publications. It mostly noise that reflects the interests of
by lazzlazzlazz 4y ago
This is called "post hoc ergo propter hoc" and is near 100% of the content in mainstream financial publications. It mostly noise that reflects the interests of the authors and nothing more. Just take it for granted and move on.
- fakedang 4y agoThere's a reason we have TVs running financial news through the work day in finance offices worldwide - but in mute.
- acchow 4y agoThis is why all of these media outlets use words like "as" and "after", and never "because of". They do all the "post hoc" lifting and assume that the reader will automatically add the "ergo propter hoc". "Google stock tumbles 8% after its" which every consumer of media reads as "Google stock tumbles 8% because its"
- EForEndeavour 4y agoThis shady use of temporal sequence to imply a causal link is one of my most hated writing tactics. "HN Reader barfs aggressively after reading yet another intentionally misleading headline!"
- ryandrake 4y agoThere's probably an algorithm out there that just writes financial news all day using the MadLib: "[COMPANY] stock [RISES|FALLS] amid [NEWS]." All you have to do is foreach company, look up whether the stock is up or down, and then copy the first news search result that comes in related to the company. Bam, you have a headline for any financial news site.
- nradov 4y agoYes some financial news outlets have been doing that since at least 2015. https://www.theverge.com/2015/1/29/7939067/ap-journalism-automation-robots-financial-reporting https://www.theverge.com/2015/1/29/7939067/ap-journalism-aut...