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COMMENTS: Post Hoc, Propter Hoc
Prices rose on the New York Stock Exchange--the Dow Jones Industrial Average closed at 7978, up 216 points--as the G20 Summit concluded and ABC assigned Betsy Stark to the thankless task of correlating the two events. This is what she came up with: "The prospect of the world's richest countries disbursing more than $1tr in aid to the world's needier nations added to the burgeoning optimism that government leaders are doing what is necessary to revive the global economy."
That was not very convincing, was it?
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