Tuesday, October 09, 2007

What's Wrong with That?

A. A story in the paper indicated that the government would soon announce a tax cut;

B. The stock market index went up on that very same day;

C. An editorial writer at a prestigious international paper attributed the stock market's performance to that story.

What's wrong with that?

Answer: Other factors might have caused the rise in the stock market index, not the news about the possible tax cut.

And the editorial is found in Wall Street Journal. I kid you not.

Read it for yourself here.

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