Hacker News Reader

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.

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.”

The trick with news media is the word As.

"Market drops 3% as Foo"

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!