I share the below article because I believe it is an important one for those who are following closely the financial news, and make personal financial and investing decisions based on it..
https://psmag.com/environment/creatures ... tion-55801Nassim Taleb noted how ridiculous this is in his book The Black Swan. In the hours after former Iraqi dictator Saddam Hussein was captured on December 13, 2003, Bloomberg News blared the headline, "U.S. TREASURIES RISE; HUSSEIN CAPTURE MAY NOT CURB TERRORISM." Thirty minutes later, bond prices retreated and Bloomberg altered their headline: "U.S. TREASURIES FALL; HUSSEIN CAPTURE BOOSTS ALLURE OF RISKY ASSETS." A more correct headline might have been: "U.S. TREASURIES FLUCTUATE AS THEY ALWAYS DO; HUSSEIN CAPTURE HAS NOTHING TO DO WITH THEM WHATSOEVER," but that isn't what editors want to post, nor what people want to read.
"In fact, all the headlines do is satisfy our need for coherence: a large event is supposed to have consequences, and consequences need causes to explain them," Kahneman argues.